Question

8
ratio ol.
X, Y and Z were partners in a firm sharing profit in the ratio of 5:32. The profits
of the firm for the year ending on 31" December 2016 was Rs 2,40,000. Z died
on 31 May 2017. Calculate Z's share of profit till his death, taking last year
profit as base. Pass the necessary Journal Entries also.​

Answer 1

Answer:

z share in the profit is 48,000

profit/loss A/c Dr. 48,000

to z's capital A/c. 48,000