Solution of Q 23 Death of a Partner TS Grewal 2023-24 [CBSE]
Step-by-step solution of Question 23, Chapter 6 Death of a Partner, TS Grewal Class 12 Accountancy 2023-24 for the CBSE Board.
Question 23
Abha, Beena and Chanda were partners in a firm sharing profits and losses in the ratio of 5 : 3 : 2. Abha died on 1st July, 2023. The Partnership Deed provided that Abha’s executors are entitled to her share of profit till the date of death calculated on the basis of sales for the immediate previous year. Sales for the year ended 31st March, 2023 was ₹ 12,00,000 and the profit for the same year was ₹ 3,00,000. Sales shows a growth trend of 20% and percentage of profit earning remains the same.
Journalise the transaction along with working notes.
Solution
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About this solution
This is Chapter 6 Death of a Partner of TS Grewal Edition 2023-24.
Written by Vijay Adarsh, teaching commerce since 2003 to Class 11, Class 12, B.Com, CA, CS and CMA students.
We have solved all the practical questions in this book and explained them Step by Step in detail with clear working notes.
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