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
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.
Question : Choose the correct Journal entry, when deceased partners share is loss:
Question : Amount in the credit side of the deceased Partner& Capital Account. Find out the odd one.
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