[CBSE] Q. 13 Death of Partner Solution TS Grewal Class 12 (2024-25)

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Solution of Question number 13 of the Death of Partner Chapter of TS Grewal Book 2024-25 Edition CBSE Board.

Ram, Manu and Hari were partners in a firm. Hari died on 30th June, 2023. His share of profit from the closure of the last accounting year till the date of death was to be calculated on the basis of the average of three completed financial years of profits before death. Profits for the years ended 31st March, 2021, 2022 and 2023 were ₹ 1,10,000; ₹ 1,20,000 and ₹ 1,30,000 respectively. Calculate Hari’s share of profit till the date of his death and pass necessary Journal entry for the same.

[Ans.: Hari’s Share of Profit for 3 months – ₹ 10,000.]

Solution:-

Solutions of Death of Partner chapter 7 of TS Grewal Book class 12 Accountancy 2024-25 CBSE Board

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Anurag Pathak

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