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+1 vote
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in Accounts by (44.9k points)
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Rex, Tex and Flex are partners in a firm in the ratio of 5:3:2. As per their partnership agreement, the share of deceased partner is to be calculated on the basis of profits and turnover of previous accounting year. Tex expired on 31st December 2019. Turnover till the date of death was Rs. 18,00,000. Their profits and turnover for the year 2018-19 amounted to Rs. 4,00,000 and Rs. 20,00,000 respectively. 

An amount of Rs. ..... will be given to his executors as his share of profits till the date of death.

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2 Answers

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by (45.7k points)
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An amount of Rs. 1,08,000 will be given to his executors as his share of profits till the date of death.

by (10 points)
+4
please tell how you calculated this amount
by (10 points)
+1
pls tell fast how do you get answer 1,08,000.
0 votes
by (18 points)

Answer:1,08,000.

Solution: 4,00,000/2000000×180000= 3,60,000.

Then, 3,60,000× shares of tex, i.e, 3/10= 1,08,000

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