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Question
The balance on the capital account of partners, on his death, is transferred to ______ account.
Options
Relatives
Legal Heir’s loan/Executor’s loan
Partner’s capital
Partner’s Loan
MCQ
Fill in the Blanks
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Solution
The balance on the capital account of partners, on his death, is transferred to Legal Heir’s loan/Executor’s loan account.
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Chapter 5: Reconstitution of Partnership (Death of Partner) - Exercise 5.1 (Objective Questions) [Page 201]
