DK, PK and GK were partners in a firm sharing profits and losses in the ratio of 5:3:2. PK died on 31st May, 2016. 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 of three completed years of profits before death. Profits for the years ended 31st December, 2013, 2014 and 2015 were Rs.17,000; Rs.15,000 and Rs.13,000 respectively. Calculate Pies share of profit till his death and pass the necessary Journal entry for the same.
