Question 48 Chapter 6 of +2- Part

Question 48 Chapter 6 of +2-Part-1

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

The solution of Question 48 Chapter 6 of +2 Part-1: –

Calculation of A’s share of profit per month
 Amount
Profit of the firm annually60,000
Monthly profit5,000
A’s share2,500
Now if date of death isThen profits is
(a) January 312,500
(b) February 285,000
(c) March 317,500
(d) April 3010,000
(e) May 3112,500
(f) Sept. 3022,500
Now if date of death isThen profits is

Comment if you have any questions.
Also, Check out the solved question of previous Chapters: –

Usha Publication – Accountancy PSEB (Class 12) – Volume I – Solution

Usha Publication – Accountancy PSEB (Class 12) – Volume II – Solution

Check out T.S. Grewal +2 Book 2020@ Official Website of Sultan Chand Publication

2 Book 1 min - Question 48 Chapter 6 of +2 Part-1 - USHA Publication 12 Class Part - 1
Vol. I: Accounting for Not-for-Profit Organizations and Partnership Firm

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