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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. (Delhi 2013)

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

SOLUTION

Profit & Loss Suspense Account.



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Previous PostWhy heirs of retiring / deceased partner are entitled to share of goodwill of the firm? (Delhi 2014)
Next PostDifferentiate between ‘Profit & Loss Appropriation Account’ and ‘Profit & Loss Suspense Account’. (Delhi and Al 2015 C)

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