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प्रश्न
Give a word / term / phrase which can substitute the following statements :
The account to which deceased partners capital balance is transferred.
एक शब्द/वाक्यांश उत्तर
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उत्तर
Deceased Partner’s Executors’ Loan Account
Explanation: The account to which deceased partner’s capital balance is transferred is known as Deceased Partner’s Executors’ Loan Account. The amount due is transferred to this account because actually, the payment is required to be made to the heirs of the deceased partner. The payment may be made in full, i.e. in one instalment or in more than one instalment.
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