Question

Match the following items:

(i)	Debit the share of profit of the deceased partner upto the date of death to	(a)	Revaluation A/c
(ii)	Decrease in the value of an assets	(b)	Profit and Loss Suspense A/c
		(c)	Profit and Loss Appropriation A/c

Answer 1

(i)	Debit the share of profit of the deceased partner upto the date of death to	(b)	Profit and Loss Suspense A/c
(ii)	Decrease in the value of an assets	(a)	Revaluation A/c