What journal entry’ will be recorded for deceased partner’s share in profit from the closure of last balance sheet till the date of his death? Post category:Accountancy Reading time:1 mins read SOLUTION Profit and Loss Suspense A/c Dr. To Deceased Partner’s Capital A/c Please Share This Share this content Opens in a new window Twitter Opens in a new window Facebook Opens in a new window Google+ 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 PostName two items which are credited to the Capital Account of a partner upon his death. Next PostWhat journal entry will be recorded for writing off the goodwill already existing in Balance Sheet at the time of retirement of a partner? You Might Also Like In the absence of a Partnership Deed, in which ratio do the old partners sacrifice their share of profit in case of admission of a new partner? (C.B.S.E. 2019) October 7, 2022 Pass the necessary journal entry for treatment of Partner’s loan appearing on the assets side of the Balance Sheet in case of dissolution of a partnership firm. (CBSE 2019) October 8, 2022 Om and Shyam are sharing profits and losses equally. With effect from 1st April, 2022, they agree to share profits in the ratio of 4: 3. Calculate individual partner’s gain or sacrifice due to the change in ratio. October 18, 2022 Leave a Reply Cancel replyYou must be logged in to post a comment.