[ISC] Q. 3 Death of Partner Solution TS Grewal Class 12 (2023-24)
Solution to Question number 3 of the Death of Partner Chapter of TS Grewal Book ISC Board 2023-24 Edition?
Manu, Neeraj and Saina were partners sharing profits and losses in the ratio of 3 : 2 : 1. Neeraj died on 30th June, 2022. Profit from 1st April, 2022 to 30th June, 2021 was ₹ 3,60,000. Manu and Saina decided to share future profits in the ratio of 3 : 2 with effect from 1st July, 2022.
Pass the necessary Journal entries to record Neeraj’s share of profit up to the date of death.
![](https://commerceschool.in/wp-content/uploads/2024/02/q3-1-1024x150.webp)
Solution:-
![](https://commerceschool.in/wp-content/uploads/2024/02/3-36-1024x179.webp)
Working Notes:-
![](https://commerceschool.in/wp-content/uploads/2024/02/1-51.webp)
![](https://commerceschool.in/wp-content/uploads/2024/02/2-36.webp)