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Name the account which is opened to credit the share of profit of the deceased partner, till the time of his death to his Capital Account.

  • Post category:Accountancy
  • Reading time:1 mins read

SOLUTION

Profit and Loss Suspense Account



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Previous PostHow goodwill is recorded on the retirement or death of a partner?
Next PostAt what rate interest is payable on the amount remaining unpaid to the executor of deceased partner? (C.B.S.E. 2019 M.P.)

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