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His share of profit upto his …

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His share of profit upto his date of death (30th September, 2019) on the basis of sales till date of death. Sales for the year ended March 31st 2019 was 200000 and profit for the same year was 10% on sales. Sales shows a growth trend of 20% and percentage of profit earning is reduced by 1%.

Posted by Ritika Mehra 4 years, 2 months ago

CBSE > Class 12 > Accountancy

2 answers

Aman Talreja 4 years, 2 months ago

Its the question of sample paper 2020

Hemant Singhal 4 years, 2 months ago

200000+40000(growth of 20%)×9/100×6/12×share of profit=10800×share of profit

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