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Question

A, B and C are partners. If C died in the middle of the financial year, it means that the profits they earn till that period belongs to .


A
the partner who died
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B
remaining partners
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C
all the partners
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D
none of the partners
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Solution

The correct option is C all the partners
If a partner died in the middle of the financial year, it means that the profits they earn till that period belongs to all the partners including the deceased partner.

Accountancy

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