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Ram, Manohar and Joshi were partner …

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Ram, Manohar and Joshi were partner in a firm. Joshi died on 28th February 2004. His share of profit for the closure of last accounting year till the date of death was to be calculated on the basis of the average of three completed years' profit before the date.profits for 2002, 2003 and 2004 were Rs. 7,000, Rs. 8,000 and Rs. 9,000 respectively. calculate Joshi's share of profit till his death and pass the necessary journal entry of the same.

Posted by Ankur Singh 7 years, 2 months ago

CBSE > Class 12 > Accountancy

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Pinda Pinda Singh 7 years, 2 months ago

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