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A, B and C were partners sharing profits...

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

A

Rs. 28,000

B

Rs. 32,000

C

Rs. 28,800

D

Rs. 48,000

Text Solution

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The correct Answer is:
C
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DK GOEL-RETIREMENT OR DEATH OF A PARTNER-Multiple Choice Questions
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  9. P, Q and R sharing profits and losses equally. R retires and the goodw...

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  12. A, B and C are sharing profits in the ratio of 3:2:1. B retires and on...

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  13. P, Q and R share profits in the ratio of 5:4:3. R retires and the new ...

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  14. X, Y and Z were partners in a firm sharing profits in the ratio of 3:2...

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  15. A, B and C are partners sharing profits in the ratio of 3:4:5. B retir...

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  16. P, Q and R were partners sharing profits in the ratio 5:3:2 respective...

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  17. X,Y and Z are partners sharing profits in the ratio of 2:3:5. Goodwill...

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  18. A, B and C are partners in a firm sharing profit/loss in the ratio of ...

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  19. A, B and C were partners sharing profits and losses in the ratio of 2:...

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  20. P, Q and R were partners sharing profits in the ratio of their Capital...

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