Deceased Partner's share in profit upto the date of his death will be debited to his capital A/c. (State True or False)
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HEY....
ANSWER IS TRUE
ANSWER IS TRUE
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Answer:
True
Explanation:
Deceased Partner's share in profit upto the date of his death will be debited to his capital A/c - True
The amount payable to him / her will be paid to his / her legal representatives when the partner dies. The representatives have the right to the following: 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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