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Give a word/term/phrase which can substitute the following statements : The partner who died. - Book Keeping and Accountancy

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Question

Give a word/term/phrase which can substitute the following statements :

The partner who died.

One Word/Term Answer
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Solution

Deceased partner

Explanation: The partner who died is a deceased partner, whose legal heirs are entitled to the amount due and the rights which the deceased partner had.

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Chapter 5: Reconstitution of Partnership (Death of Partner) - Exercise 2 [Page 140]

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Micheal Vaz Book Keeping and Accountancy [English] 12 Standard HSC Maharashtra State Board
Chapter 5 Reconstitution of Partnership (Death of Partner)
Exercise 2 | Q 6 | Page 140
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