X, Y and Z were partners sharing profits and losses in the ratio of 3 : 2 : 1. Y died on 30th June, 2022. Profit from 1st April, 2022 to 30th June, 2022 was ₹ 3,60,000.
X, Y and Z were partners sharing profits and losses in the ratio of 3 : 2 : 1. Y died on 30th June, 2022. Profit from 1st April, 2022 to 30th June, 2022 was ₹ 3,60,000. X and Z decided to share future profits in the ratio of 3 : 2 with effect from 1st July, 2022.
Pass the necessary Journal entries to record Y’s share of profit up to the date of death.
Anurag Pathak Changed status to publish July 26, 2023
