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August 2023 2 5 Report
between Ram and Vrinda will be equal. The Partnership Deed provided for the following on the death of a partner : (a) His share of goodwill be calculated on the basis of half of the profits credited to his account during the previous four completed years : The firm's profit for the last four years were. 2015-16 1,20,000, 2016-17 *80,000, 2017-18 ― L - 40,000, and 2018-19-80,000. (b) His share of profit in the year of his death was to be computed on the basis of average profits of past two years. Pass nec​

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