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Question
Answer in one sentence only.
To which account Profit is to be transferred upto the date of his death?
One Line Answer
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Solution
Profit of the deceased partner, up to the date of his death, is transferred to his Legal Heir’s/Nominee/Executor’s Account.
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Chapter 5: Reconstitution of Partnership (Death of Partner) - Exercise 5.1 (Objective Questions) [Page 201]
