A partner dies after completing 11 months of the accounting year. If the estimated annual profit is ₹8,16,000, what amount should be taken as the profit for 11 months to determine the deceased partner’s share of profit up to the date of death?

Correct answer: ₹7,48,000

For determining the deceased partner’s share of profit, the annual profit is apportioned according to the time elapsed. Profit for 11 months = ₹8,16,000 × 11/12 = ₹7,48,000. Therefore, option A is correct. Option B represents 9 months’ profit, while option C represents 6 months’ profit. Exam tip: divide the annual profit by 12 first to find monthly profit, then multiply it by the number of completed months.