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✦ FREE LEARNING — CLASS 11 & 12 — CBSE · PSEB — ACCOUNTS · ECONOMICS · BST ✦
A, B and C were partners sharing profits and losses in the ratio of 2 : 2 : 1. C died on 30th June, 2025. Profit and Sales for the year ended 31st March, 2025 were ₹1,00,000 and ₹10,00,000 respectively. Sales during April to June, 2025 were ₹1,50,000. Calculate C’s share of profit till the date of his death.
Rate of profit on sales for the year ended 31st March, 2025 = 1,00,000 / 10,00,000 × 100 = 10%. Profit for April–June, 2025 = 1,50,000 × 10/100 = ₹15,000.
C’s share of profit = 15,000 × 1/5 = ₹3,000.
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.19 - Death of a Partner", focusing on key definitions, step-by-step concepts, applications, and revision guidelines relevant to Chapter 6 - Death of a Partner.
It is primarily curated for Class 11 and Class 12 high school commerce, accounting, and economics students, as well as aspirants preparing for board exams or CA Foundation.
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