[ISC] Q. 2 Death of Partner Solution TS Grewal Class 12 (2023-24)

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Solution to Question number 2 of the Death of Partner Chapter of TS Grewal Book ISC Board 2023-24 Edition?

Parul, Rahul, and Payal are sharing profits in the ratio of 2 : 2 : 1. Rahul died on 30th June 2022. Sale for the year ended 31st March, 2022 was ₹ 7,50,000. Sale between the period from 1st April, 2022 to 30th June, 2022 was ₹ 2,50,000. Profit for the year ended 31st March, 2022 was ₹ 75,000.

Calculate deceased partner’s share in the profits of the firm till his death.

Solution:-

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