Question : E, D and R are partners, sharing profits in the ratio of 2:2:1. D died on 30th June 2020 and profits for the accounting year 2019-20 were Rs. 36,000. The share of profit will be credited to Diya, for the period 1st April. 2020 to 30th June, 2020 is____________.
Option 1: Rs 3,000
Option 2: Rs 3,600
Option 3: Rs 2,600
Option 4: None of the above
Correct Answer: Rs 3,600
Solution :
Answer =
Rs 3600
Profit= 36,000
D's share= $36,000 \times \frac{2}{5}$= $14,400 \times \frac{3}{12}$= Rs 3,600
Hence, the correct option is 2.