Accountancy > Accounting For Partnership Firms > Death Of A Partner
A, B and C were partners in a firm sharing profits in the ratio of 2:2:1. C died on 30th June, 2023. According to the partnership deed, C's share of profit till the date of his death was to be calculated on the basis of sales. Sales for the previous year ended 31st March, 2023 was ₹ 10,00,000 and profit was ₹ 1,00,000. Sales from 1st April, 2023 to 30th June, 2023 were ₹ 3,00,000. C's share of profit till the date of his death was:
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