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 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 :

Class 12 Accounts in Class 12 3 years ago

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RS. 28,000
Rs. 32,000
Rs. 28,800
Rs. 48,000

Answer :C

Posted on 04 Dec 2021, this text provides information on Class 12 related to Accounts in Class 12. Please note that while accuracy is prioritized, the data presented might not be entirely correct or up-to-date. This information is offered for general knowledge and informational purposes only, and should not be considered as a substitute for professional advice.

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