A, B and C are partners sharing profits and losses in the ratio of 3 : 2 :1. On 1.3.2016 C died. The average profits of the firm for last four years were ₹ 72,000 Books are closed on 31st December. C’s share of profit till the date of his death will be:
A. ₹ 2,000
B. ₹ 12,000
C. ₹ 1,400
D. ₹ 24,000
Answer:A
A, B and C are partners sharing profits and losses in the ratio of 3 : 2 :1. On 1.3.2016 C died. The average profits of the firm for last four years were ₹ 72,000 Books are closed on 31st December. C’s share of profit till the date of his death will be:
A. ₹ 2,000 B. ₹ 12,000 C. ₹ 1,400 D. ₹ 24,000