p, q and r were partners sharing profits in the ratio of their capital contribution which were rs. 6,00,000, rs. 4,00,000 and rs. 5,00,000 respectively. their books are closed on 31st march every year. p dies on 24th august, 2018. under the partnership deed, deceased partner is entitled to his share of profit/loss to the date of death based on the average profits of preceding three years. profits were 2015 rs. 50,000, 2016 rs. 1,20,000 (loss), 2017 rs. 30,000 and 2018 rs. 60,000. p's share of profit/loss will be : (A) 3,200 (B) 6,400 (C) 12,000 (D) 4,800
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Answer:
D- 4800
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