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प्रश्न
State whether the following statement is True or False with reason.
A deceased partner is entitled to his share of General Reserve.
पर्याय
True
False
MCQ
चूक किंवा बरोबर
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उत्तर
This statement is True.
General reserve is created out of past undistributed profit. Past profit is earned due to the efforts and hard work of all the partners including a partner who is now dead. Hence a deceased partner has right on it and therefore a deceased partner is entitled to receive his share of General reserve.
shaalaa.com
या प्रश्नात किंवा उत्तरात काही त्रुटी आहे का?
पाठ 5: Reconstitution of Partnership (Death of Partner) - Exercise 5.1 (Objective Questions) [पृष्ठ २०१]
