B, C and D were partners in a firm sharing profits and losses in the ratio of 3:4:3. The profit of the firm for the year ending on March 31, 2025 was Rs.2,40,000. C died on June 30, 2025. B and D decided to share profits equally. If profits are assumed to have accrued on the same basis as in the year ending on March 31, 2025 then C’s share of profits for the period from April 1 to June 30, 2025, will be:
Answer & explanation
Correct answer: option 1
The correct answer is Option (1) → Rs. 24,000
When profit up to the date of death is assumed to accrue on the basis of the last year's profit, the deceased partner's share = last year's profit × period up to death × his profit share. The new ratio of B and D does not enter this calculation, since it applies only after C's death.
Period from April 1 to June 30 = 3 months
Profit for 3 months = Rs. 2,40,000 × 3/12 = Rs. 60,000
C's share = Rs. 60,000 × 4/10 = Rs. 24,000
Note: NTA picked this question from an NCERT (2026-27) illustration and changed the figures. Do not ignore NCERT while practising numericals.
NCERT (2026-27 edition):
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