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Answer in one sentence only. To which account Profit is to be transferred upto the date of his death? - Book Keeping and Accountancy

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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]

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Balbharati Book-Keeping and Accountancy [English] Standard 12 Maharashtra State Board
Chapter 5 Reconstitution of Partnership (Death of Partner)
Exercise 5.1 (Objective Questions) | Q 1. E. 5. | Page 201
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