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    Riya, Tiya, Priya were partners in a firm sharing profit in ratio of 4: 3: 2. The profit of the firm for the year ending March 31, 2020 was ₹3,60,000.
    Question

    Riya, Tiya, Priya were partners in a firm sharing profit in ratio of 4: 3: 2. The profit of the firm for the year ending March 31, 2020 was ₹3,60,000. Tiya died on June 30, 2020. Which account will be debited and by how much on account of share of profit upto the date of death?

    A.

    Tiya’s Capital Account, ₹30,000

    B.

    Tiya’s Current Account, ₹30,000

    C.

    Profit and Loss Suspense Account, ₹30,000

    D.

    Profit and Loss Appropriation Account, ₹30,000

    Correct option is C

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