Question : Ram Mohan and Anil were partners in a firm sharing profits in a 2:2:1 ratio. The firm closes its books on 31st March every year. Mohan died on 24-8-2017. On Mohan’s death, the goodwill of the firm was valued at Rs.75,000. The partnership deed provided that on the death of a partner, his share in the profits of the firm in the year of his death will be calculated on the basis of last year’s profit. The profit of the firm for the year ended 31-3-2017 was Rs.2,00,000.
Q. Number of Days up to the date of death is
Option 1: 146 days
Option 2: 132 days
Option 3: 73 days
Option 4: 85 days
Correct Answer: 146 days
Solution : Answer = 146 days
Number of Days = 146
Hence, the correct option is 1.