Question

16. A, B and C are partners sharing profits in the ratio of
3:2:1. They had a Joint Life Policy of 3,00,000.
Surrender value of JLP in Balance Sheet is 90,000.
C dies what is share of each partner in JLP ?
(a) 1,05,000; 70,000; 35,000
(b) 45,000; 30,000; 15,000
071,50,000; 7 1,00,000; * 50,000
(d) 1,95,000; 1,30,000; * 65,000​

Answer 1

Answer:

A, B and C are partners sharing profits in the ratio of

3:2:1. They had a Joint Life Policy of 3,00,000.

Surrender value of JLP in Balance Sheet is 90,000.

C dies what is share of each partner in JLP ?

(a) 1,05,000; 70,000; 35,000

(b) 45,000; 30,000; 15,000

071,50,000; 7 1,00,000; * 50,000

(d) 1,95,000; 1,30,000; * 65,000