An amount due to a deceased partner is transferred to his executor's loan a/c. (State True or False)
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2
FALSE....
THIS AMOUNT TRANSFER TO HIS CAPITAL AC
THIS AMOUNT TRANSFER TO HIS CAPITAL AC
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5
Answer:
False
Explanation:
An amount due to a deceased partner is transferred to his executor's loan a/c. - False
An amount due to a deceased partner is transferred to his Capital a/c.
The amount payable to the deceased partner will be paid to their legal representatives when the partner dies. The representatives have the right to the following particulars - the amount of the deceased partner's capital account credit. Capital interest, if provided in the partnership deeds up to the date of death.
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