Q.13 Solution Death of a Partner TS Grewal Book Class 12 CBSE
Step-by-step solution of Question 13, Chapter 6 Death of a Partner, TS Grewal Class 12 Accountancy 2024-25 for the CBSE Board.
Question 13
Ram, Manu and Hari were partners in a firm. Hari died on 30th June, 2024. His share of profit from the closure of the last accounting year till the date of death was to be calculated on the basis of the average of three completed financial years of profits before death. Profits for the years ended 31st March, 2022, 2023 and 2024 were ₹ 1,10,000; ₹ 1,20,000 and ₹ 1,30,000 respectively. Calculate Hari’s share of profit till the date of his death and pass necessary Journal entry for the same.
Solution
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