1.

Kumar,Verma and Naresh were partners in a firm sharing profits and Loss in the ratio of 3 : 2 : 2. On 23rd January, 2015 Verma died. Verma’s share of profit till the date of his death was calculated at ₹ 2,350. Pass necessary journal entry for the same in the books of the firm.

Answer»

erma and Naresh were PARTNERS in a firm sharing PROFITS and LOSS in the ratio of 3 : 2 : 2. On 23rd January, 2015 Verma died. Verma’s share of profit till the date of his death was calculated at ₹ 2,350. Pass necessary journal entry for the same in the books of the firm.



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