Accountancy, asked by iramfatma109, 1 month ago

A,B and C are partners. C expired on 18th December 2019 and as per agreement

surviving partners A and B directed the accountant to prepare financial statements

as on 18th December 2019 and accordingly the share of profits of C (deceased

partner) was calculated as 12,00,000. Which account will be debited to transfer C’s

share of profits
(a) Profit and Loss Suspense Account. (b) Profit and loss Appropriation Account. (c) Profit and loss Account. (d) None of the above
and why???

Answers

Answered by kavyasudhakommuru399

4

Answer:

a

Explanation:

because c expired and another 2 partners are surviving .

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