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A, B and C are sharing profits in the ratio of 4 : 3 : 2. A dies on 31st December, 2023. Accounts are closed on 31st March every year. - Accounts

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प्रश्न

A, B and C are sharing profits in the ratio of 4 : 3 : 2. A dies on 31st December, 2023. Accounts are closed on 31st March every year. Sales for the year ending 31st March, 2023 amounted to ₹ 4,00,000. Sales of ₹ 3,30,000 amounted between the period from 1st April, 2023 to 31st December, 2023. The profit for the year ending 31st March, 2023 amounted to ₹ 60,000.

Calculate the deceased partner's share in the current year's profits of the firm.

संख्यात्मक
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उत्तर

% of Profit on the basis of Sales = `(60,000)/(4,00,000)xx100`

= 15%

A’s share of Profit = `3,30,000xx15/100xx4/9`

= ₹ 22,000

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अध्याय 4: Retirement or Death of a Partner - PRACTICAL QUESTIONS [पृष्ठ ४.१४८]

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डी. के. गोएल Accountancy Volume 1 and 2 [English] Class 12 ISC
अध्याय 4 Retirement or Death of a Partner
PRACTICAL QUESTIONS | Q 44. | पृष्ठ ४.१४८
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