Question

1). ABC partners, each partner has an individual
life policy of Rs.50000 on 31st August, partnerB died and the surrender value of each policyat death is Rs.2,000. Share of B partner is(equal sharing)a) 17000 b) 18000c) 50000 d) 54000

Answer 1

B's share of policies: B's policy= Rs.50000 Surrender value of A & C policies(Rs.2000+Rs.2000)= Rs.4000
(d)√

Answer 2

The answer here is option (b).

Here we are given a problem where it states that the partners are ABC and each of the partners have an individual life policy of an amount of Rs.50,000 on the day of 31st August.

But due to the death of partner B the surrender value becomes rs 2000.