X, Y and Z are partners sharing profits and losses in the ratio of 2:1:1,...
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Accounting
X, Y and Z are partners sharing profits and losses in the ratio of 2:1:1, Z died on 15th March,2015. Sales from 1st January 2015 to 15th March 2015 was OMR 60,000. Sales for 2014 was OMR 240,000. Profit for 2014 was 48,000. Compute Zs share of profit on the basis of turnover.
a.
OMR 3,000
b.
OMR 5,000
c.
OMR 1,000
d.
OMR 6,000
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