Q.18 X Y and Z were partners in a firm sharing profits and
losses in the ratio of 3.2.1. The firm closes its books on 31st
March every year Y died on 12th June, 2020 due to Covid 19
On Y's death, the goodwill of the firm was valued at Rs 60,000
Y's share in the profit of the firm till the date of his death from
the last Balance Sheet date was to be calculated on the basis of
previous year's profit which was Rs.1.50,000. Y was also
entitled for interest on capital @10% p.a. According to the Ys
will the executors should donate his share to an orphanage for
girls
Pass necessary Journal related to Y.
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According to the Ys
According to the Yswill the executors should donate his share to an orphanage for
According to the Yswill the executors should donate his share to an orphanage forgirls
According to the Yswill the executors should donate his share to an orphanage forgirlsPass necessary Journal related to Y.
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