Riya, Tiya, Priya were partners in a firm sharing profit in a ratio of 4:3:2. The profit of the firm for the year ending March 31, 2020 was ₹360000. Tiya died on June 30, 2020. Which account will be debited and by how much on account of share or profit up to the date of death?

Profit and loss suspense A/c ₹30000

Old ratio 4:3:2
Profit of the firm ₹360000
Profit upto her death 360000 x 3/9 x 3/12
                               = 360000 x 1/3 x 1/4
                               = 120000/4
                               = 30000
Profit and loss suspense account is debited in case of death.