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Tamil Nadu Board of Secondary EducationHSC Commerce Class 12

What is the journal entry to be passed to transfer the amount due to the deceased partner to the executor of the deceased partner? - Accountancy

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Question

What is the journal entry to be passed to transfer the amount due to the deceased partner to the executor of the deceased partner?

Journal Entry
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Solution

Date Particulars L.F. Debit Credit
  Deceased partner's Capital A/c   Dr.
To Deceased Partner's Executors A/c
(Amount transferred to Executors Account)
  xxx xxx
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Chapter 6: Retirement and death of a partner - Very short answer questions [Page 216]

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Samacheer Kalvi Accountancy [English] Class 12 TN Board
Chapter 6 Retirement and death of a partner
Very short answer questions | Q II 4. | Page 216
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