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Accounting for Goodwill

A,B and C are...

Question

A,B and C are three partner sharing profit and loss 3:2:1 A dies on 30th June, 2012, If the total profit for the year ending 31st march ,2013 amounted to Rs. 30,000. What would be the share of profit to be credited to A's A/c ?

A

Rs.3750

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B

Rs.5000

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C

Rs.8000

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D

Rs.5500

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Solution

The correct option is B Rs.3750
A partner are dies on 30th June 2012 sharing ratio is 3/6
Amount is given=30000
A's partner sharing profit =300003/63/12
=3750

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