First, we calculate the profit for the period from 1st April, 2023 to 30th June, 2023.
Total sales from 1st April to 30th June, 2023 = ₹ 4,00,000
Total sales for the year = ₹ 20,00,000
Clara’s share of the profit is calculated by the sales ratio:
\[
\text{Clara’s share} = \left( \frac{4,00,000}{20,00,000} \right) \times 5,00,000 = 1,00,000
\]
Clara’s share of profit up to the date of death = ₹ 1,00,000.
Now, the journal entry:
\begin{table}[h!]
\centering
\begin{tabular}{|c|l|c|c|}
\hline
Date & Particulars & Dr Amount (₹) & Cr Amount (₹)
\hline
30th June 2023 & Clara’s Capital A/c & 1,00,000 &
& To Aaria’s Capital A/c & 33,333 &
& To Beenu’s Capital A/c & 33,333 &
& To Clara’s Capital A/c (Clara’s share of profit) & 33,334 &
\hline
\end{tabular}
\caption{Journal Entry for Clara’s Share of Profit up to the Date of Death}
\end{table}