Question

A , B , C were partners sharing P & L in the ratio of 2: 2: 1.Books are closed on 31 st , March every year, C dies on 5 th November,2018.Under the partnership deed , the executors of the deceased partners are entitled to his share of profits to the date of death , calculated on the basis of the last year's profit. Profit of the year ended 31 st march , 2018 was Rs.2,40,000. C's share of the profit will be​

Answer 1

Answer:

share of C = 2,40,000×219/365×1/5 = 28,800

April 30 days + may 31 days + June 30 days + July 31 + August 31 days + September 30 days + October 31 days + November 5 days = 219 days