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A, B and C were partners in a firm. C died on 28th Feb 2024. His share of profit from the closure of the last accounting year till the date of death was to be calculated on the basis of the average profit of three complete years before death, profit for 2021 2022 and 2023 were Rs. 1400 and Rs. 1600 and Rs. 1800 respectively. Calculate C's share of profit till his death.?
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A, B and C were partners in a firm. C died on 28th Feb 2024. His share...
Calculation of C's Share of Profit till his Death:
- Average Profit Calculation:
- Average Profit = (Profit for 2021 + Profit for 2022 + Profit for 2023) / 3
- Average Profit = (1400 + 1600 + 1800) / 3
- Average Profit = 4800 / 3
- Average Profit = 1600
- Calculation of C's Share of Profit:
- C's share of profit till his death = Average Profit * Number of years C was alive in the last accounting year
- C's share of profit till his death = 1600 * (28 / 365) // considering C was alive for 28 days in February 2024
- C's share of profit till his death = 1600 * 0.0767
- C's share of profit till his death = 122.72
Therefore, C's share of profit till his death would be Rs. 122.72.
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A, B and C were partners in a firm. C died on 28th Feb 2024. His share of profit from the closure of the last accounting year till the date of death was to be calculated on the basis of the average profit of three complete years before death, profit for 2021 2022 and 2023 were Rs. 1400 and Rs. 1600 and Rs. 1800 respectively. Calculate C's share of profit till his death.?
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A, B and C were partners in a firm. C died on 28th Feb 2024. His share of profit from the closure of the last accounting year till the date of death was to be calculated on the basis of the average profit of three complete years before death, profit for 2021 2022 and 2023 were Rs. 1400 and Rs. 1600 and Rs. 1800 respectively. Calculate C's share of profit till his death.? for UPSC 2024 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about A, B and C were partners in a firm. C died on 28th Feb 2024. His share of profit from the closure of the last accounting year till the date of death was to be calculated on the basis of the average profit of three complete years before death, profit for 2021 2022 and 2023 were Rs. 1400 and Rs. 1600 and Rs. 1800 respectively. Calculate C's share of profit till his death.? covers all topics & solutions for UPSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for A, B and C were partners in a firm. C died on 28th Feb 2024. His share of profit from the closure of the last accounting year till the date of death was to be calculated on the basis of the average profit of three complete years before death, profit for 2021 2022 and 2023 were Rs. 1400 and Rs. 1600 and Rs. 1800 respectively. Calculate C's share of profit till his death.?.
Solutions for A, B and C were partners in a firm. C died on 28th Feb 2024. His share of profit from the closure of the last accounting year till the date of death was to be calculated on the basis of the average profit of three complete years before death, profit for 2021 2022 and 2023 were Rs. 1400 and Rs. 1600 and Rs. 1800 respectively. Calculate C's share of profit till his death.? in English & in Hindi are available as part of our courses for UPSC. Download more important topics, notes, lectures and mock test series for UPSC Exam by signing up for free.
Here you can find the meaning of A, B and C were partners in a firm. C died on 28th Feb 2024. His share of profit from the closure of the last accounting year till the date of death was to be calculated on the basis of the average profit of three complete years before death, profit for 2021 2022 and 2023 were Rs. 1400 and Rs. 1600 and Rs. 1800 respectively. Calculate C's share of profit till his death.? defined & explained in the simplest way possible. Besides giving the explanation of A, B and C were partners in a firm. C died on 28th Feb 2024. His share of profit from the closure of the last accounting year till the date of death was to be calculated on the basis of the average profit of three complete years before death, profit for 2021 2022 and 2023 were Rs. 1400 and Rs. 1600 and Rs. 1800 respectively. Calculate C's share of profit till his death.?, a detailed solution for A, B and C were partners in a firm. C died on 28th Feb 2024. His share of profit from the closure of the last accounting year till the date of death was to be calculated on the basis of the average profit of three complete years before death, profit for 2021 2022 and 2023 were Rs. 1400 and Rs. 1600 and Rs. 1800 respectively. Calculate C's share of profit till his death.? has been provided alongside types of A, B and C were partners in a firm. C died on 28th Feb 2024. His share of profit from the closure of the last accounting year till the date of death was to be calculated on the basis of the average profit of three complete years before death, profit for 2021 2022 and 2023 were Rs. 1400 and Rs. 1600 and Rs. 1800 respectively. Calculate C's share of profit till his death.? theory, EduRev gives you an ample number of questions to practice A, B and C were partners in a firm. C died on 28th Feb 2024. His share of profit from the closure of the last accounting year till the date of death was to be calculated on the basis of the average profit of three complete years before death, profit for 2021 2022 and 2023 were Rs. 1400 and Rs. 1600 and Rs. 1800 respectively. Calculate C's share of profit till his death.? tests, examples and also practice UPSC tests.
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