1.

'A', 'B' and 'C' are partners in a firm sharing profits in the ratio of 2 : 2 : 1. 'A' dies on 31st March, 2018. Accounts are closed on 31st December every year. Sales for the year 2017 amounted * 6,00,000 and sales from 1st January, 2018 to 31st March, 2018 amounted ? 2,00,000. The profit for the year 2017 amounted * 30,000. Calculate the deceased partner's share in the current year profits. ko​

Answer»

profit for the year 2017 is 30000 and sales is 600000profit PERCENTAGE on sale is 30000/600000×100= 5%sale of period from 1.1.2018 to 31.3.2018is 200000 so profit for this period is 200000×5%=10000A SHARE in profit = 10000×2/5=4000



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