Question

A,B and C are partners sharing profit in the ratio of 4:3:2. A dies on 31-12-19 a/c are closed on 31 march everyyear sales for the year ending 31-3-2019 amount to 400000. sales of 330000 amount between the period from 1-4-2019 to 31-3-19 . the profit for the year ending 31-3-19 amount to 60000. calculate deceased partners share of profit.
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Answer 1

Answer:

sales profit

4,00,000 60,000 --> 40:6

3,30,000 ?

profit of 2019 (till death) = 3,30,000×6/40 = 49,500

share of A = 4/9×49,500 = 22,000