Accountancy, asked by naijithabalaji, 12 hours ago

3. Which account is credited for the share of accrued profit of a deceased partner?​

Answers

Answered by rajeevchaudhary170r
1

Answer:

Capital account

Explanation:

The decreased partner's share in profit up to the date of his death will be credited to his capital account, as the amount is required to be paid to him. Thereafter, this amount is transferred to his Executor's loan account.

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