# Question 51 Chapter 6 of +2 Part-1 – USHA Publication 12 Class Part – 1

Q-51 - CH-6 - Usha +2 Book 2018 - Solution

Question 51 Chapter 6 of +2-Part-1

51. (Different Cases of Deceased Partner’s Share of Profit) A, B & C were partners sharing profits and losses in the ratio of 3 :2 :1 respectively. A’ s died on 31st March, 2018. Calculate his share of profits during the accounting year 2019 in each of the following alternative cases :
(i)If the partnership deed provided that the share of profit till the date of death estimated at the sum calculated on the average of the last three completed year profits. The books showed the profits for the calendar years as under: 2014- Rs. 5,000 ; 2015 –Rs.5,000; 2016- Rs 8,000 ; 2017 -Rs.7,000 and 2018- Rs.9,000.
(ii)If the partnership deed provided that the share of profit till the date of death be estimated d at the sum calculated on the sales till the date of death by applying the ratio of net profit to sale for the last accounting year, Sales from 1.1.2018 to 31.3.2019 amounted to 30,000. Sales and set profit fit the year 2018 amounted in Rs. 3,60,000 and Rs.54,000 respectively

## The solution of Question 51 Chapter 6 of +2 Part-1: –

Day - 139 | Solution of Questions 47 to 51 Retirement of a Partner Chapter 6 Accounts class 12 PSEB

(i) A’s share of profit based on average of last three complete years

 Average profits of previous 3 years : Year Profit 2016 8,000 2017 7,000 2018 9,000 24,000
 = 24,000 3 = Rs 8,000

A’s share for 3 months = 8,000 X (3/6)X(3/12) = Rs. 1,025

(ii) A’s share of profit based on ratio of gross profit of previous years

 Rate of gross profit 2017 = 54,000 x 100 3,60,000 = 15%

Sales from 1.1.19 to 31.3.19 = Rs. 30,000

 Gross profit @ 15% = 15 x 30,000 100 = Rs 4,500
 A’s share in gross profit = 3 x 4,500 6 = Rs 2,250

Comment if you have any questions.

End of Solution

## Check Out the Solution of all questions of this chapter:

The solution to all questions of Chapter No. 6 – Partnership Accounts – V (Retirement and Death of A Partner) Class 12 Usha Publication – 2024 is shown as follows, click on the image of the question to get the solution.

Question 01 Chapter 6 of +2 Part-1 – USHA Publication 12 Class Part – 1

Question 07 Chapter 6 of +2 Part-1 – USHA Publication 12 Class Part – 1

Question 13 Chapter 6 of +2 Part-1 – USHA Publication 12 Class Part – 1

Question 19 Chapter 6 of +2 Part-1 – USHA Publication 12 Class Part – 1

Question 25 Chapter 6 of +2 Part-1 – USHA Publication 12 Class Part – 1

Question 31 Chapter 6 of +2 Part-1 – USHA Publication 12 Class Part – 1

Question 37 Chapter 6 of +2 Part-1 – USHA Publication 12 Class Part – 1

Question 44 Chapter 6 of +2 Part-1 – USHA Publication

Question 52 Chapter 6 of +2 Part-1 – USHA Publication 12 Class Part – 1

Question 58 Chapter 6 of +2 Part-1 – USHA Publication 12 Class Part – 1

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## Chapter-Wise Solution of Usha Publication Accountancy – Part 1 Class 12 – Session 2024-25 as per the PSEB curriculum

Check out Solutions to all questions of the every chapter shown as under. The Solution of Accountancy – Part 1 Class 12 – Session 2024-25 is provided as per the new book published by Usha Publication.

Chapter No. 1 – Accounting Not-for-Profit Organisations (Deleted from the Syllabus)

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)

## Check out Part 2 of both books.

In Class 12th the accountancy has 2 books i.e. Part 1 and Part 2. The Books related to the Part 1 are shown above. but If you want to know more about Part 2, you can check it out from the following links. We have provided the links to both books i.e. Accountancy Part 2 by Usha Publication and Advanced Accountancy Part 2 by Unimax Publication.

1. Accountancy – Part 2 Class 12 – Session 2024-25 By Usha Publication