Question 50 Chapter 6 of +2 Part-1 – USHA Publication 12 Class Part – 1

Question 50 Chapter 6 of +2-Part-1

50. (Different Cases of Deceased Partner’s Share of Profit) A, B and C are partner sharing in the ratio of 3:2:1. They close their books of accounts on December 31, every year. B dies. Calculate It’s share of profit assuming following cases :
(a) Deceased partner’s share of profit is to be calculated on the basis of last year’s profit, which amounts to Rs. 48,000 B dies on 31st March.
(b) Deceased partner’s share of profit is to le calculated on the basis of the average of last three years profit, which amount to Rs. 30,000, Rs. 25,000 and Rs. 17,000 Suppose B dies on May 31.

The solution of Question 50 Chapter 6 of +2 Part-1: –

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

• Chapter No. 1 – Accounting Not for Profit Organisations
• Chapter No. 2 – Partnership Accounts – I (Introduction)
• Chapter No. 3 – Partnership Accounts – II (Goodwill: Nature and Valuation)
• Chapter No. 4 – Partnership Accounts – III (Reconstitution of Partnership)
• Chapter No. 5 – Partnership Accounts – IV (Admission of A Partner)
• Chapter No. 6 – Partnership Accounts – V (Retirement and Death of A Partner)
• Chapter No. 7 – Partnership Accounts – VI (Dissolution of Partnership Firm)
• Chapter No. 8 – Company Accounts (Share Capital)
• Chapter No. 9 – Company Accounts (Issue of Debentures)
• Chapter No. 10 – Company Accounts (Redemption of Debentures)

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

• Chapter No. 1 – Financial Statements of a Company
• Chapter No. 2 – Financial Statement Analysis
• Chapter No. 3 –  Tools of Financial Statement Analysis- Comparative and Common Size
• Chapter No. 4 – Ratio Analysis
• Chapter No. 5 – Cash Flow Statement

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