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A, B and C are partners sharing profits in the ratio of 3:2:1. They had a
English
Reconstitution of Partnership Firm: Retirement / Death of a Partner
Question
Updated
19 Aug 2026
A, B and C are partners sharing profits in the ratio of 3:2:1. They had a Joint Life Policy of ₹ 3,00,000. Surrender value of JLP in Balance Sheet is ₹ 90,000. C dies what is share of each partner in JLP ?
A
Choose Your Answer
A
₹ 1,05,000 ; ₹ 70,000; ₹ 35,000
B
₹ 45,000 ; ₹ 30,000; ₹ 15,000
C
₹ 1,50,000 ; ₹ 1,00,000 ; ₹ 50,000
D
₹ 1,95,000 ; ₹ 1,30,000 ; ₹ 65,000
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