M, N and O were partners sharing profits and losses in the ratio of 4:3:2. O died on 15 July 2019 on
which date the capital M, N and after all necessary adjustment stood at
65,000 and 45.000 respectively. Mand N continued to carry on the business for 6 months without
setting the account of o
During the period of 6 months ended 315 December, 2019, a profit of 30.000 is eamed by the fimm.
States which of the two options available with O s Executor under section 37 of the Indian Partnership
Act, 1932 should be exercised?
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