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Question

If a partner died in the middle of the financial year, it means that the profits they earn till that period belongs _______


A

computation of profits upto the date of death

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B

his heirs joining the firm

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C

result in continuance of the business of the firm

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D

dissolving the firm

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Solution

The correct option is D

dissolving the firm


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


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