Veer, Dharam and Karam were partners sharing profits and losses in the ratio of 3:2:1. Dharam died on 30th September, 2020. Accounts of the firm are closed on 31st March every year. Sales for the year ended 31st March, 2020 was ₹ 6,00,000 and sales for the six months ended 30th September, 2020 was ₹ 3,00,000. Loss for the year ended 31st March, 2020 was ₹ 60,000. Calculate deceased partner's share of profit/ loss from the beginning of the accounting year up to 30th September, 2020 and pass the necessary journal entry.
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10 010 is the answer mark me as
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Explanation:
%age of loss to sales for the year ended 31st march2021 was 10% (60000/600000x100)
loss till the date of dharams death =10%of 3,00,000 ,ie,30,000
dharams shatre of loss will be 10,000 (30.000x2/6).
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