1.

X and Y are partners. The Partnership Deed provides inter alia: (a) That the Accounts be balanced on 31st March every year. (b) That the profits be divided as : X one-half, Y one-third and carried to a Reserve one-sixth. (c) That in the event of the death of a partner, his Executors be entitled to be paid out: (i) The Capital to his credit till the date of death. (ii) His proportion of profits till the date of death based on the average profits of the last three completed years. (iii) By way of Goodwill, his proportion of the total profits for the three preceding years. (d) The Profits for three years were : 2015-16 : ₹ 4,200; 2016-17 : ₹ 3,900; 2017-18 : ₹ 4,500. Y died on 1st August, 2018. Prepare necessary accounts.

Answer»

If he withdrew ₹ 7,500 in the BEGINNING of each quarte.Case 2. If he withdrew ₹ 7,500 at the end of each quarter.Case 3. If he withdrew ₹ 7,500 during the middle of each quarter.Hope it's helpMark as BRAINLIEST ❤️



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