Question

A,B and C were partners sharing profits and losses in the ratio of 2 : 2 :1. Books are closed on 31st

March every year. C dies on 5th November, 2018. Under the partnership deed, the executors of the

deceased partner are entitled to his share of profit to the date of death, calculated on the basis of last

year’s profit. Profit for the year ended 31st March, 2018 was Rs.2,40,000. C’s share of profit will be:



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Answer 1

Answer:

Explanation:

Profit from Jan. 01 to March 31,2016 on the basis of profit Ratio of 2014 =1,50,00 x 10/100 =Rs.15,000 C's profit share ( from jan to march 31,2016 ) = 15,000 x 1/5 =Rs.3,000Read more on Sarthaks.com - https://www.sarthaks.com/109871/a-b-and-c-were-partners-sharing-profits-and-losses-in-the-ratio-of-2-2-1-c-died-on-31st

Answer 2

Explanation:

Profit from Jan. 01 to March 31,2016 on the basis of profit Ratio of 2014 =1,50,00 x 10/100 =Rs.15,000 C's profit share ( from jan to march 31,2016 ) = 15,000 x 1/5 =Rs.3,00

first you choose for me