A, B and C are partners sharing profits in the ratio of 3:2:1. They had a Joint Life Policy of ₹ 3,00,000. Surrender value of JLP in Balance Sheet is ₹ 90,000. C dies what is share of each partner in JLP ?
A. ₹ 1,05,000 ; ₹ 70,000; ₹ 35,000
B. ₹ 45,000 ; ₹ 30,000; ₹ 15,000
C. ₹ 1,50,000 ; ₹ 1,00,000 ; ₹ 50,000
D. ₹ 1,95,000 ; ₹ 1,30,000 ; ₹ 65,000
Answer:C
A, B and C are partners sharing profits in the ratio of 3:2:1. They had a Joint Life Policy of ₹ 3,00,000. Surrender value of JLP in Balance Sheet is ₹ 90,000. C dies what is share of each partner in JLP ?
A. ₹ 1,05,000 ; ₹ 70,000; ₹ 35,000 B. ₹ 45,000 ; ₹ 30,000; ₹ 15,000 C. ₹ 1,50,000 ; ₹ 1,00,000 ; ₹ 50,000 D. ₹ 1,95,000 ; ₹ 1,30,000 ; ₹ 65,000