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Rex, Tex and Flex are partners …

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Rex, Tex and Flex are partners in a firm in the ratio of 5:3:2. As per their partnership agreement, the share of deceased partner is to be calculated on the basis of profits and turnover of previous accounting year. Tex expired on 31st December 2019. Turnover till the date of death was `18,00,000. Their profits and turnover for the year 2018-19 amounted to `4,00,000 and `20,00,000 respectively. An amount of `____________will be given to his executors as his share of profits till the date of death.

Posted by Khushal Gohel 4 years, 1 month ago

CBSE > Class 12 > Accountancy

2 answers

Kiran Kaur 4 years, 1 month ago

1,08,000

Ishita Gupta 4 years, 1 month ago

1,08,000

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