Share of profit of a deceased partner till the date of his death is debited to profit and loss suspense account.
Explanation: The deceased partner is entitled to receive his/her share in the profit or loss earned or incurred by the firm till his/her date of death. But, practically it is not possible to close the books of accounts during an accounting period. Thus, share of profit of a deceased partner is debited to Profit and Loss Suspense Account.
Concept: Retirement Or Death of a Partner - Amount Due to Retiring Parter