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Edit Pictures. 1 Auto Correct Shortcuts. 1. SIXXI 174% doing business of pleco partner's profit will be calculated on the buis el primer years and profit figure of the same year If we muliply rales y proportion, we can get estimated profits of the fimm till the date of deccascd partner's share can be calculated. The deceased partners sure a capital account the same amount is shown on asset side of the Balance Sheet Pad Loss Suspense Account EXAMPLE In a partnership of A B and C sales for the year 2010 w 2000 profit for the same period was Rs 20,000 tf sales al diale de 50,000 then the exccutor's of deceased partner shall ga Rs 1987 utila be worked out as under U sales were Rs 2,00,000 profit was Rs 20,000 If sales were Rs 50,000 profit will be Rs. 5.000 11. Rs 22.000 RO Deceased partner's share shall be Rs 5.000x - R$ 1.667 024 LIISTRATION (Calculation of Profit-Turnover Basis Vethod) merchants sharing profits in the ratio of