Question

A, B and C are partners sharing profits and losses in the ratio of 3 : 2 : 1. B died on 30th June, 2018. For the year ended 31st March, 2019, proportionate profit of 2018 is to be taken into consideration. During the year ended 31st March, 2018, bad debts of ₹ 2,000 had to be adjusted. The profit for the year ended 31st March, 2018 was ₹ 14,000 before adjustment of bad debts. Calculate B’s share of profit till the date of his death.

Answer 1

Answer:

answer is 14000

Explanation:

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Answer 2

Profit for the year 2017-18 before adjusting bad debts = Rs 14,000

Bad debts = Rs 2,000

Profits after adjusting bad debts =14,000 – 2,000

                                                     = Rs.12,000

Proportionate profit of the firm (from April 01, 2018 to June 30, 2018)=

$12,000 \times \frac{3}{12}=3,000$

B’s share of profit (from April 01, 2018 to June 30, 2018)=

$3,000 \times \frac{2}{6}=1,000$