Ajay, Salil and Ravi were partners in a firm sharing profits in the ratio of 5 : 3 : 2. Ajay died on 20th February 2023. The Balance Sheet of the firm on that date was as follows:
Ans.: Karim’s share of Goodwill = ₹ 1,05,000; Karim’s share of Profit = ₹ 22,500; Amount transferred to Karim’s Executors = ₹ 7,35,000.]
Solution:-
