00:00so today we will understand how to calculate the share of profit or loss of the deceased
00:05partner till the date of his death on the basis of sales we need three things here sales
00:10of the previous accounting period sales till his death and profit for the previous year
00:15we will calculate first rate of profit to sales right so suppose we have sales of previous
00:22year is 12 lakh and till his death 3 lakhs and profit 2 lakh 40,000 so calculate the
00:29rate of profit to sales 2 lakh 40,000 divided by 12 lakh that would be 20% so now calculate
00:36the 20% of 3 lakh that would be the profit of the firm of two months right that would
00:44be 60,000 60,000 would be the profit and suppose he is entitled one fourth share in the profits
00:51then 60,000 into one by four 15,000 would be credited in his account so hit the like
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