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ed partner Tine Basis Method In some business sales are being made uniformly throughout the year et Traders sxs of some consumable items in such type of business it a partner dies it is named s prebies are earned uniformly throughout the year Profits for the seat of death may be and on the basis of previous year's profit or on the basis of average profits of the past On that basis. profits till the date of death are alculated proportionately. The deceased share is credited to his executors account. The same is shown on the asset de of talance sheet as Profit and Loss Suspense Account A B and were partners B dies on 31 March 2010 It was decided to calculate deceased partners share in profits on the basis of profits of the year 2009, which was Rs 3.00.000. In this case. B's share of profit till 13 2010 TIPLE shall be calculated as under Rs 3,00.000 = Rs 15.000 023 ISTRATION Calculation of Profit Time Basis Method) Quadit. Ridwan and Sami were partners in the firm Sam died on 28 February 2010 His share of profit from the closure of the last accounting year till date of death was to be calculated on the basis of the average of the completed as of profits before death Profits for 2007 2008 and 2009 were Rs 1000 R 8.000 and Rs.9.000 respectively Calculate Sami s share of profits till his death and pau nocery mal entry for the same