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Accountancy · 2024 · 3 marks

CBSE 2024 · Region 3 · Set 2 · Q17

Alisha, Bobby and Pooja were partners in a firm sharing profits and losses in the ratio of $\displaystyle 5$ : $\displaystyle 3$ : 2. Pooja died on 30th September, 2023. Pooja's share in the profits of the firm till the date of death was to be calculated on the basis of sales. Sales during the year $\displaystyle 2022$ $\displaystyle 23$ were ₹ $\displaystyle 30,00,000$ and sales from 1st April, $\displaystyle 2023$ to 30th September, $\displaystyle 2023$ were ₹ $\displaystyle 10,00$,000. The profit for the year ended 31st March, $\displaystyle 2023$ was ₹ $\displaystyle 3,00$,000. Calculate Pooja s share of profit up to the date of death and pass the necessary journal entry for the same in the books of the firm. Show your workings clearly.

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