Question:
Nicku’s share of profit will be:
Nicku’s share of profit will be:
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To calculate a partner’s share of profit till death, prorate based on time and profit-sharing ratio.
Updated On: Jan 18, 2025
- ₹ 10,000
- ₹ 20,000
- ₹ 30,000
- ₹ 40,000
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The Correct Option is B
Solution and Explanation
1. Nicku’s share of profit = Previous Year’s Profit \(\times\) Nicku’s Share \(\times\) Proportion of Year:
\[
₹ 80,000 \times \frac{5}{10} \times \frac{6}{12} = ₹ 20,000.
\]
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