Question

ALUSTA
Following is the Balance Sheet of Pushpa, Rashi and Seema who are sharing
potits in 2:1:2 as at March 31, 2018
Creditors
Employee's Provident Fund
Phot less Account
Capitals
*
Assets
38,000 Goodwill
2,000 Land & Building
60,000 Stock
Debtors
1.20.000
Cash and Bank
80.000
1.00.000 3.00.000
40.000
2,00,000
65,000
30,000
65.000
Pushpa
4,00.000
4,00.000
Pushpa died on June 12, 2018. According to partnership deed, the executors are
entitled to:
Her capital as per Balance Sheet:
(Interest on capital @ 8% p.a. upto the date of death.
(1) Her share of profit upto the date of death on the basis of average profits for the
past 3 years
(iv) Her share of goodwill valued on the basis of two times the average profits of
the past 3 years.​

Answer 1

Answer:

good question good job keep it up

Answer 2

Explanation:

her share of good will valued on the baais of two times the average profits of the past 3 years