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Question
______ is opened to credit the share of profit of the deceased partner, till the time of his death to his Capital Account.
Options
Profit and Loss Appropriation Account
Profit and Loss Suspense Account
Profit and Loss Account
Profit and Loss Adjustment Account
MCQ
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Solution
Profit and Loss Suspense Account is opened to credit the share of profit of the deceased partner, till the time of his death to his Capital Account.
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