Question : Aman, Raman and Suman were partners sharing profits the ratio of 3:2:1 respectively. The profit and sales for the year ended 31 March, 2017 were Rs.3 lakh and Rs.10 lakh respectively. Aman died on 30th November, 2017. Calculate the share of deceased partner in the profits for the period from 1st April, 2017 to 30th November, 2017, if the same is calculated: Q. On the basis of Time.
Option 1: RS 1,20,000
Option 2: Rs 1,40,000
Option 3: Rs 1,00,000
Option 4: None of the above
Correct Answer: Rs 1,00,000
Solution : Answer = 1,00,000
On the Basis of Time. Profit = 3,00,000 A's Share = 3,00,000 * 3/6 * 8/12 = 1,00,000. Hence, the correct option is 3.
Question : Aman, Raman and Suman were partners sharing profits a ratio of 3:2:1 respectively. The profit and sales for the year ended 31 March 2017 were Rs.3 lakh and Rs.10 lakh respectively. Aman died on 30th November, 2017. Calculate the share of a deceased partner in the profits for
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