Question

On the death of a partner, his legal representatives are entitled to the profit since the begining of the financial year up to the date of ________​

Answer 1

Answer:

death of a partner

for ex. if a partner died on 30th June 2020 and firm closed books on 31st march 2020

then his legal heir should entitled profit from 31st March 2020 to 30th June 2020

not for 31st March 2020 to 31st March 2021