Q. 62 DK Goel Retirement of Partner Solutions Class 12 CBSE (2024-25)

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Here are the solutions of Question number 62 of Retirement of Partner chapter 5 of DK Goel Class 12 CBSE (2024-25)

A, B and C are sharing profits in the ratio of 4 : 3 : 2. A dies on 31st December, 2022. Accounts are closed on 31st March every year. Sales for the year ending 31st march, 2022 amounted to ₹ 4,00,000. Sales of ₹ 3,30,000 amounted between the period from 1st April 2022 to 31st December 2022. The profit for the year ending 31st March, 2022 amounted to ₹ 60,000.

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Calculate the deceased partner’s share in the current year’s profits of the firm.

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[Ans. ₹ 22,000]

Solution:-

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Anurag Pathak
Anurag Pathak

Anurag Pathak is an academic teacher. He has been teaching Accountancy and Economics for CBSE students for the last 18 years. In his guidance, thousands of students have secured good marks in their board exams and legacy is still going on. You can subscribe his Youtube channel for free lectures

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