Amar, Akbar and Anthony are sharing profits and losses in the ratio 4:3:2 Amar dies on 31-12-2019 Sales - Accountancy - Reconstitution- Retirement/Death of a Partner

Question

Amar, Akbar and Anthony are sharing profits and losses in the ratio
4:3:2 Amar dies on 31-12-2019 Sales for the year ending March 2019
amounted to Rs 4,00,000 Sales of Rs 3,30,000 took place during the
period April 19 to December 19 Profit for the year ending MArch
2019 amounted to Rs 60000 Calculate Amar's share of profits

Ishi · Accepted Answer

Dear Student

Sales for year ending
31-03-19

400,000

Profit for the year ending
31-03-19

60,000

Net profit ratio
(60,000 / 4,00,000 ) x 100
15%

Profit till Death

Sales between 01-04-19 to
31-12-19

330,000

Profit @ 15% on sales (Based on
previous years ratio)
(3,30,000 x 15%)
49,500

Amar's Share
(49,500 x 4/9)
22,000

Therefore Amar's share is Rs 22,000 in
profit

Regards

Sales for year ending 31-03-19		400,000
Profit for the year ending 31-03-19		60,000
Net profit ratio	(60,000 / 4,00,000 ) x 100	15%
Profit till Death
Sales between 01-04-19 to 31-12-19		330,000
Profit @ 15% on sales (Based on previous years ratio)	(3,30,000 x 15%)	49,500
Amar's Share	(49,500 x 4/9)	22,000