Question : At the time of Death of a partner Deceased partner’s share of profit earned from the beginning of the financial year up to the date of death. Will be -------- to his capital account
Option 1: Debited
Option 2: Credited
Option 3: Either A and B
Option 4: None of the above

Question

Question : At the time of Death of a partner Deceased partner’s share of profit earned from the beginning of the financial year up to the date of death. Will be -------- to his capital account

Option 1: Debited

Option 2: Credited

Option 3: Either A and B

Option 4: None of the above

Team Careers360 · Accepted Answer

Correct Answer: Credited

Solution : Answer = Credited

At the time of the partner's death, the Deceased partner's share of the profit earned from the beginning of the financial year up to the date of death will be credited to his capital account.
Hence, the correct option is 2.

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Question : At the time of Death of a partner Deceased partner’s share of profit earned from the beginning of the financial year up to the date of death. Will be -------- to his capital accountOption 1: Debited Option 2: Credited Option 3: Either A and B Option 4: None of the above

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Question : At the time of Death of a partner Deceased partner’s share of profit earned from the beginning of the financial year up to the date of death. Will be -------- to his capital account
Option 1: Debited
Option 2: Credited
Option 3: Either A and B
Option 4: None of the above