Question

Q41. Vikas, Vishal and Vaibhav were partners in a firm sharing profits in the ratio of 2:2; 1.
The firm closes its books on 31st March, every year. On 31-12-2015 Vaibhav died. On that
date his Capital account showed a credit balance of Rs.3,80,000 and Goodwill of the fimm
was valued at Rs. 1,20,000. There was a debit balance of Rs.50,000 in the Profit & Loss A/C.
Vaibhav's share of profit in the year of his death was to be calculated on the basis of the
average profit of last five years. The average profit of last five years was Rs.75,000.
Pass necessary journal entries in the books of the firm on Vaibhav's death.
entivol​

Answer 1

Answer:

I don't know

Explanation:

I don't know