A,B and C are three partner sharing profit and loss equally. C dies on 30th June 2010.If the total profit for the year ending 31st March 2011 amounted to Rs.30,000.What would be the share of profit to be credited to C's A/c?

10,000

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5,000

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8,000

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2,500

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Solution

The correct option is B 2,500
Total profit is given 30000
partner share profit ratio =1:1:1
profit for till the date of death(1/4/2010 to 3/6/2010)
=300003/12=7500
C's share profit=75001/3=2500

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A,B and C are three partner sharing profit and loss equally. C dies on 30th June 2010.If the total profit for the year ending 31st March 2011 amounted to Rs.30,000.What would be the share of profit to be credited to C's A/c?

The correct option is B 2,500Total profit is given 30000partner share profit ratio =1:1:1profit for till the date of death(1/4/2010 to 3/6/2010) =30000*3/12=7500C's share profit=7500*1/3=2500

The correct option is B 2,500
Total profit is given 30000
partner share profit ratio =1:1:1
profit for till the date of death(1/4/2010 to 3/6/2010)
=300003/12=7500
C's share profit=75001/3=2500