[CBSE] Q. 18 Death of Partner Solution TS Grewal Class 12 (2023-24)

Solution of Question number 18 of the Death of Partner Chapter of TS Grewal Book 2023-24 Edition CBSE Board.

X, Y and Z were partners in a firm. Z died on 31st May, 2022. 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 years of profits before death. Profits for the years ended 31st March, 2020, 2021 and 2022 were ₹ 18,000; ₹ 19,000 and ₹ 17,000 respectively.

Calculate Z’s share of profit till his death and pass necessary Journal entry for the same when:

(a) Profit sharing ratio of remaining partners does not change, and

(b) Profit sharing ratio of remaining partners changes and new ratio being 3 : 2.

Solution:-

Solutions of Death of Partner chapter 7 of TS Grewal Book class 12 Accountancy 2023-24 CBSE Board

S.N	Questions
1	Question – 1
2	Question – 2
3	Question – 3
4	Question – 4
5	Question – 5
6	Question – 6
7	Question – 7
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10	Question – 10

S.N	Questions
11	Question – 11
12	Question – 12
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14	Question – 14
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17	Question – 17
18	Question – 18
19	Question – 19
20	Question – 20

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S.N	Questions
31	Question – 31
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37	Question – 37