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Dinesh share of profit up to …

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Dinesh share of profit up to his date of death on the basis of actual sales till date of death. Sales for the year ended March 31, 2018 was ₹ 12, 00,000 and profit for the same year was ₹ 2,00,000. Sales shows a growth trend of 20% and percentage of profit earning remains the same Profit sharing ratio of dinesh -5/10 Find Dinesh share of profit?

Posted by Sakshi Ojha 6 years, 11 months ago

CBSE > Class 12 > Accountancy

4 answers

Sakshi Ojha 6 years, 11 months ago

Thank u so much j k bhai.......

J K 6 years, 11 months ago

Of course, first we have to calculate sales of previous year for three month as:1200000*3/12=₹300000 and sales shows growth trend 20%means 300000*20/100=₹60000 so sales for currents year three month will be 300000+60000=₹360000 Share of profit of dinesh=360000*sales rate *dinesh share of profit Sales rate =200000/1200000=1/6 Share of profit =360000*1*5/6*10=₹30000

Sakshi Ojha 6 years, 11 months ago

Can u explain me how ?

J K 6 years, 11 months ago

₹30000

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