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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 show a growth trend of 20% and percentage of profit earning was the same .

Posted by Kushvaha Boy Rajesh Singh Official 6 years, 10 months ago

CBSE > Class 12 > Accountancy

4 answers

Riya Jain 6 years, 10 months ago

Will you plz tell me the logic behind this plzzzzzzzz..................!

Deepesh Negi 6 years, 10 months ago

1/6 why

Prateek Seth 6 years, 10 months ago

Sry last line is wrong... Profit to be tranferred to p&l suspence = 360000 ✖ 1/6 ✖ 5/10(share of deceased partner) =30000....

Prateek Seth 6 years, 10 months ago

You missed to write the date of death by the way i know the answer...... 1200000 + 20% of 12 lakhs =1440000 Profit to sales ratio =200000/12lakh =1/6 Now, share for 3 months =1440000 ✖ 3/12=3,60,000.. Now dinesh's share of profit =360000 ✖ 1/6 ✖ 3/12=30,000 (p&l suspense)

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