Ultimate Book of Accountancy Class 12 Part A Solutions - Death of Partner You can buy this text book from here: http://amzn.to/2s2YSxN Practical Problems Solution 1: Calculation of Share of Profit of Deceased partner: 28,000 + 32,000 + 36,000 = 96,000/3 = 32,000 32,000 x 6/12 = 16,000 x 1/5 = 3,200 Solution 2: Percentage of last year’s profit = 5,000/50,000 x 100 = … [Read more...]