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A,BandCarepartnersfirmin a firm sharing profits in the ratio oonf 3:2:1, C rotire from the31-07-2014. On that date Capital balanceRs. 80,000 respectively. And amount due to C was Rpaid by A and B till 31-03-2015.of A and B after all adjustment stood Rs. 120000 andS. 50,000, But amount due to C was notd a profit of Rs, 40,000 during the period of 01-08-2014 to 31-03-2015C wants to exercise the provision of Section 37 of Indian partnership act as their was noagreement at the time of retirement of C on 31-07-2014(i) Whichbe exercise by C(i) Calculate total amount payable to Cifof the two option available under section 37 of Indian partnership act 1932 shouldA and B clears the dues of C on 31-03-2015itn in theai of532 Z's retire from the firm on 01

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