Question 48 Chapter 6 of Class 12 Part – 1 Usha Publication
48. (Decreased Partner's Share of Profit) A , B and C are partners sharing profits in the rate of 5 :3 :2. They have agreed that the deceased partner's share of profit during the current year shall be based upon the last year's profit. The profit earned during the year 2019 was Rs. 60,000. Calculate A's share of profit if be dies in 2019 on: (a) January 31.
(b) February 28
(c) March 31
(d) April 301 Sept.
(e) May 31
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The video consists solution of question numbers from 47 to 51 Chapter no. 6 class 12 of Usha publication. To check the direct solution of question no. 48 from the flowing video by using time stamps of the video.
Calculation of A’s share of profit per month
| Amount | |
|---|---|
| Profit of the firm annually | 60,000 |
| Monthly profit | 5,000 |
| A’s share | 2,500 |
| Now if date of death is Then profits is | |
| (a) January 31 | 2,500 |
| (b) February 28 | 5,000 |
| (c) March 31 | 7,500 |
| (d) April 30 | 10,000 |
| (e) May 31 | 12,500 |
| (f) Sept. 30 | 22,500 |
Comment if you have any questions.
Accounting & Commerce Educator
Sarbjit Singh holds a B.Com and M.Com degree and has over 12 years of teaching experience in double entry bookkeeping, financial accounting, and business studies.
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