Question

rofits and losses
15.
Amount
Sanya. Piva and Trisha were partners in a firm sharing profits and
in the ratio of 3:3 : 4. On 31st March, 2019 their Balance Sheet wa
follows:
Balance Sheet of Sanya, Piya and Trisha as at 31st March, 2010
Amount
Liabilities
Assets
Creditors
72,000 Furniture
6,10,000
Capitals :
Stock
2,20,000
Sanya
4,00,000
Debtors
92,000
Piya 2,00,000
Cash
50,000
Trisha 3,00,000 | 9,00,000
9,72,000
9,72,000
Trisha died on 1st July, 2019. The partnership deed provided for the
following in the event of death of a partner:
(i) Goodwill of the firm to be valued at 2,40,000.
(ii) Profits in the year of death of a partner will be taken as having
accrued at the same rate as the previous year's profits. Profits for
the year 2018 - 19 were 90,000.
(iii) Half the amount was paid to Trisha's executors immediately.
Pass the necessary journal entries to record the above transactions in the
books of the firm.
Cut and addition​

Answer 1

Answer:

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