Chapter Death

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Q. 1 H, I and J were partners with fixed capital of rs3, 00,000, rs2, 00,000, rs1, 00,000.They
shared profits in the ratio of their fixed capital. J died on 31st May, 2020,whereas the
Firm close its books of account on 31st March every year. According to their
Partnership deed, J would be entitled to get share in the interim profit of the firm on
the basis of Sales. Sales and profit for the year 2019-20 amounted to rs8, 00,000 and
rs2, 40,000 and sales from 1st April, 2020 to 31st May 2020 amounted to rs1, 50,000.
The rate of profit to sales retained constant during these two years. You are required
to:(a) calculate J share in profit. (b) Pass Journal entry to record J share in profit.
Answer: 7500
Q. 2 Manu, Kavita and Om were partners sharing profits and losses in the ratio of
3:2:1. Kavita died on 30th June, 2020 and Manu and Om decided to share future
Profit in the ratio of 3:2.Her share of profit for the intervening period was based
on the sales during that period, which were rs7, 20,000. The rate of profit during
the past four years had been 10% on sales. The firm close its books on 31st
March every year. Calculate Kavita share of profit and pass journal entry.
Answer: 24,000
Q. 3 A, B and C are partners in a firm sharing profits and losses in the ratio of
5:3:2. Their books are closed on March 31st every year.
C died on September 30th, 2021.The executors of C are entitled to his share
of profit up to his date of death on the basis of sales till date of death. Sales
for the year ended March 31,2021was rs5, 00,000 and profit for the same year
was 20% on sales. Sales show a growth trend of 10% and percentage of profit
earning is increased by 1%. Pass journal entry for C's share of profit.
Answer: 11550
Q. 4 A, B and C were partners in a firm sharing profits equally. The
firm closes its books on 31st March every year. B died on
12-6-2017 and A and C decided to share profits in the ratio of
5:3. On B's death his share in the profits of the firm till the time
of his death was to be calculated on the basis of previous years profit
Which was rs6, 00,000. Calculate B's share in the profit of the firm.
Pass journal entry. Answer:40, 000

Q. 5 A, B and C were partners in a firm sharing profits and losses in the ratio

of 2:1:1.The firm closes its books on 31March every year. C died on

12th June, 2021.C's share in the profits of the firm till the date of death

from the last Balance Sheet was to be calculate on the basis of sales.
 Sales during the year 2020-21was rs20, 00,000 and profit earned during

the year was rs5, 00,000. Sales from 1April, 2021 to 12 June, 2021 was

4,00,000.pass the journal entry. Answer:25, 000

Q. 6 4 A, B and C were partners in a firm sharing profits 3:2:1. The firm closes its books on
31st March every year. B died on 12-6-2019 and A and C decided to share profits in the ratio of 5:4.On
B's death his share in the profits of the firm till the time of his death was to be calculated on the basis of
previous years profit Which was rs6, 30,000. Calculate B's share in the profit of the firm. Pass journal
entry. Answer: 42000