[ISC] Q. 5 Death of Partner Solution TS Grewal Class 12 (2026-27)

Solution to Question number 5 of the Death of Partner Chapter of TS Grewal Book ISC Board 2026-27 Edition?

Payal, Nimrat and Amulya were partners sharing profits and losses in the ratio of 4 : 3 : 3. Amulya
died on 31st October, 2025. In terms of the Partnership Deed, financial statements were prepared as
on the date of death and profit was determined to be 20,00,000.

You are required to pass the Journal entry for distribution of profit.

Solution:-