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✦ FREE LEARNING — CLASS 11 & 12 — CBSE · PSEB — ACCOUNTS · ECONOMICS · BST ✦
Juhi, Riya and Pari are partners sharing profits and losses in the ratio of 3 : 2 : 1. Riya died on 30th June, 2024. For the year ended 31st March, 2025, the proportionate profit of 2024 is to be taken into consideration. During the year ended 31st March, 2024, bad debts of ₹2,000 had to be adjusted. Profit for the year ended 31st March, 2024 was ₹14,000 before adjustment of bad debts. Calculate Riya’s share of profit till the date of her death.
Annual net profit (after bad debts) = 14,000 – 2,000 = ₹12,000. Profit for 3 months (1st April, 2024 to 30th June, 2024) = 12,000 × 3/12 = ₹3,000.
Riya’s share of profit = 3,000 × 2/6 = ₹1,000.
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.
This guide covers "T.S. Grewal Class 12 Chapter 6 Q.10 - Death of a Partner", focusing on key definitions, step-by-step concepts, applications, and revision guidelines relevant to Chapter 6 - Death of a Partner.
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