Kindly solve the question
Dear Student
Profit share of deceased partner or C = 214000 x 1/5 x 219/365
= 25680
Number of days of C's working in 2018 = 30+31+30 +31 +31 +30+ 31 +5 = 219
This is correct answer for this question.
Note - It will be Rs28800 when Profit is Rs 240000.(240000 x1/5 x 219/365)
Regards
Profit share of deceased partner or C = 214000 x 1/5 x 219/365
= 25680
Number of days of C's working in 2018 = 30+31+30 +31 +31 +30+ 31 +5 = 219
This is correct answer for this question.
Note - It will be Rs28800 when Profit is Rs 240000.(240000 x1/5 x 219/365)
Regards