Question

Furkan, Tanmay and Barkat were partners in a firm sharing profits in

the ratio of 3 : 2 : 1. The firm closes its books on 31st March every year.

Tanmay died on 31st July, 2019. His executor was entitled to :

(i) His capital < 8,00,000 and his share of goodwill which was valued

for the firm at < 96,000.

(ii) His share of profit as per partnership agreement, which was to be

calculated on the basis of average profit of last 3 years. Average

profits of the last 3 years were < 78,000.

(iii) Tanmay’s executors were paid < 95,000 by cheque at the time of

his death and the balance was transferred to his executor’s loan

account.

Pass the necessary journal entries in the books of the firm, on Tanmay’s

death, for the above transaction​

Answer 1

Answer:

b h I have to write or what you doing today beautiful and I don't know but in exam timetable they

Explanation:

hehsbhshsbbsgdbehejwjia in new in wkqlwbkwnw Joe how are you doing today beautiful and I don't know but in exam timetable they have given computer written exam and I have