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X, Y & Z are partners in a firm sharing profit/loss in the ratio of 2:2:1. On March 31,2019, Z died. Accounts are closed on

X, Y & Z are partners in a firm sharing profit/loss in the ratio of 2:2:1. On March 31,2019, Z died. Accounts are closed on Dec.,31 every year. The sales for the year 2018 was OMR 600,000 and the profits were OMR 60,000. The sales for the period from Jan.1, 2019 to March 31,2019 were OMR 200,000. The share of deceased partner in the current years profits on the basis of sales is:

a.

OMR 8,000

b.

OMR 3,000

c.

OMR 20,000

d.

OMR 4,000

__________________________________________________________________-

The legal representatives of the deceased partner are entitled to receive:

a.

None of these are correct

b.

Share of goodwill of the firm

c.

Notice to discontinue the firm

d.

Agreement at the time of joining

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