Question

A , B and C were partners sharing profits in the ratio of 4 : 3 : 2.A retired on 1 " September 2015 on which date the capital of A , B and C after all necessary adjustments were Rs 2,00 , 625 , Rs . 1,56,250 and Rs . 1,43,125 respectively . B and C continued to carry on the business for 4 months without settling the account of A. During the period of 4 months from 1 * September 2015 a profit of Rs . 31,250 was earned by the use of the firm's property . State which of the two options available under section 37 of the Indian Partnership Act , 1932 should be exercised by A.​

Answer 1

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