Piyush, Aadi and Sud ha were partners in a firm sharing profits and losses in the ratio of $\displaystyle 4$ : $\displaystyle 3$ : 3. Aadi died on 1st October, 2024. As per the partnership deed, Aadi's share of profit or loss till the date of death was to be calculated on the basis of sales. Sales for the year ended 31st March, $\displaystyle 2024$ amounted to ₹ $\displaystyle 6,00,000$ and that from 1st April to $\displaystyle 30$*h September, $\displaystyle 2024$ amounted to ₹ $\displaystyle 2,00$,000. The profit for the year ending 31st March, $\displaystyle 2024$ was calculated as ₹ $\displaystyle 1,50$,000. The books of accounts are closed on 31st March every year. Calculate Aadi's share of profits in the firm and pass necessary journal entries for the same. Show your working clearly.

Books of Piyush, Aadi and Sudha Journal Date Particulars L.F. Dr. Cr. Amount Amount (₹) (₹) $\displaystyle 2024$ Oct.1 Profit and Loss Suspense A/c Dr. $\displaystyle 15,000$ To Aadi’s Capital A/c $\displaystyle 15,000$ (Aadi’s share of profit transferred to his capital account) Calculation of Firm’s profits till Aadi’s death: If sale is ₹$\displaystyle 6,00,000$, the profit = ₹$\displaystyle 1,50,000$ If sale is ₹$\displaystyle 2,00,000$, the profit = ₹$\displaystyle 1,50,000$ x ₹$\displaystyle 2,00,000$ ₹$\displaystyle 6,00,000$ = ₹$\displaystyle 50,000$ Calculation of Aadi’s share of profit till death = ₹$\displaystyle 50,000$ x $\displaystyle 3$/$\displaystyle 10$ = ₹$\displaystyle 15,000$