Q9- How profit is calculate till date of his death if a partner dies in rid of the year?
Explain with example.
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Answer:
- Like if it is to be calculated on past average years profit then Add past years profit divided by 2 × Deceased/ Death partner's share in profit
- if in sales nd profit then Till the death sales × percentage of profit on sales × Deceased partner's share in profit
where percentage of profit = Net profit of. past years divided by net sales...
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nanage answer gottilla so sorry
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