Raman , Param and karan were partners sharing profits and losses in the ratio of 3:2:1. param died on 31st december , 2019 . Accounts of the firm qre closed on 31st march every year . sales fo4 the year ended 31st march 2019 was 12 ,00, 000 and sales for the nine mnths ended 31st december ,2019 was 600,000. loss for the year ended 31st march , 2019 was 90,000. calculate deceased partners's share of profits /loss from the beginning of the accounting year up to 31st december , 2019
12,00,000/6,00,000*90000
=1,80,000
Loss upto 31st ,December 2019 =
1,80,000*9/12 =1,35,000
Loss shared by deceased partner I,e.,param =1,35,000*2/6=45,000.
=1,80,000
Loss upto 31st ,December 2019 =
1,80,000*9/12 =1,35,000
Loss shared by deceased partner I,e.,param =1,35,000*2/6=45,000.