Monu, Sonu and Golu are partners in a firm sharing profits in the ratio of 2 : 2 : 1. Golu died on 5th November 2021. Under the partnership deed, the executors of the deceased partner are entitled to his share of profit to the date of death, calculated on the basis of last year's profit. Profit for the year ended 31st March 2022 was Rs. 3,00,000. Golu's share of profit will be :

Question

Option 1: Rs. 1,80,000

Option 2: Rs. 60,000

Option 3: Rs. 36,000

Option 4: Rs. 3,00,000

AfterBoards · Accepted Answer

The answer is 'Rs. 36,000'. View full solution:

CUET Accountancy 2022 20 July Shift 1 PYQs

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