A,B,C were partners sharing profit in the ratio of 2:2:1.B dies on 31st mrch 2008 . the profit for the year ending 31st December 2007 was Rs.28,000 . calculate B's shares of profit on the basis year 2007 profit
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A,B,C were partners sharing profit in the ratio of 2:2:1.B dies on 31st mrch 2008 . the profit for the year ending 31st December 2007 was Rs.28,000 . calculate B's shares of profit on the basis year 2007 profit
answer me fast ....
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Answer:
it is assumed that books are closed on 31st December every year
share of B = 28,000×3/12×2/5 = 3360