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Question

If the death of a partner occurs during the year, the representatives of the deceased partner are entitled to his/her share of profits earned till the ___


A

one of the above

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B

end of current month

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C

end of current year

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D

date of death

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Solution

The correct option is D

date of death


If the death of a partner occurs during the year, the representatives of the deceased partner are entitled to his/her share of profits earned till the date of death.


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