Question

Pass the necessary Journal entries to record Y's share of profit up to the date of death.
12. Radha, Tina and Reeta were partners sharing profits equally. Reeta died on 31st July, 2020. Radha and Tina
decided to continue the business. Share of profit or loss of the deceased partner from the beginning of the
year up to the date of death was to be determined on the basis of last year's profit, which was 4,50,000.
Pass necessary Journal entry to record Reeta's share of profit/loss up to the date of death.​

Answer 1

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