Solution of Q 14 Death of a Partner TS Grewal 2022-23 [CBSE]
Step-by-step solution of Question 14, Chapter 7 Death of a Partner, TS Grewal Class 12 Accountancy 2022-23 for the CBSE Board.
Question 14
Ram, Manu and Hari were partners in a firm. Hari died on 30th June, 2022. 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, 2020, 2021 and 2022 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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About this solution
This is Chapter 7 Death of a Partner of TS Grewal Edition 2022-23.
Written by Vijay Adarsh, teaching commerce since 2003 to Class 11, Class 12, B.Com, CA, CS and CMA students.
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