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 Please Share This Share this content Opens in a new window X Opens in a new window Facebook Opens in a new window Pinterest Opens in a new window LinkedIn Opens in a new window Viber Opens in a new window VK Opens in a new window Reddit Opens in a new window Tumblr Opens in a new window Viadeo Opens in a new window WhatsApp Read more articles 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.) You Might Also Like S. Singh Limited obtained a loan of Rs. 5,00,000 from State Bank of India @ 10% p.a. interest. The company issued Rs. 7,50,000, 10% Debentures of Rs. 100 each in favour of State Bank of India as Collateral Security. Pass necessary Journal entries for the above transactions: (i) When company decided not to record the issue of 10% Debentures as Collateral Security. (ii) When company decided to record the issue of 10% Debentures as Collateral Security. July 18, 2022 Calculate Trade Receivables Turnover Ratio from the following information: August 16, 2022 Following is the Balance Sheet of X and Y as at 31st March, 2019 who are partners in a firm sharing profits and losses in the ratio of 3 : 2 respectively : August 2, 2022 Leave a Reply Cancel replyYou must be logged in to post a comment.
S. Singh Limited obtained a loan of Rs. 5,00,000 from State Bank of India @ 10% p.a. interest. The company issued Rs. 7,50,000, 10% Debentures of Rs. 100 each in favour of State Bank of India as Collateral Security. Pass necessary Journal entries for the above transactions: (i) When company decided not to record the issue of 10% Debentures as Collateral Security. (ii) When company decided to record the issue of 10% Debentures as Collateral Security. July 18, 2022
Following is the Balance Sheet of X and Y as at 31st March, 2019 who are partners in a firm sharing profits and losses in the ratio of 3 : 2 respectively : August 2, 2022