Question 11. Rahul, Tushar and Sohan are partners in a firm in the ratio of 4:3:3. As per their partnership
agreement, the share of profit of deceased partner is to be calculated on the basis of average profit of last 3
years before the death. Tushar expired on 31st December 2019. Their profits for the year 2016-17, 2017-18
and 2018-19 were Rs. 4,00,000, Rs. 5,00,000 and Rs.3,00,000 respectively. An amount of Rs.
will be given to his executors as his share of profits till the date of death.
a. 90,000
b. 1,20,000
c. 1,50,000
d. 3,00,000
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Answer:
If books are closed on 31st March, then 90,000
If books are closed on 31st Decemeber, then 1,20,000
Explanation:
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