CBSE BOARD XII, asked by sanyamajoka, 5 months ago

which account is opened to transfer deceased partner ' s share of profit to his capital account?

Answers

Answered by jainsakshi351

1

Answer: Profit &loss suspense

Explanation: profit and loss suspense account is opened to transfer the share of profit to the capital account till the time of death.

Previous Question

Next Question

Similar questions

Science, 2 months ago

There are 6 tube wells in a lane of 30 houses. What could be the long term impact on the water table?

Math, 2 months ago

The ratio of the lenghths of parallel sides trapezium is 5.5 and the distance between them is 16cm if the area of the trapezium is 960cm,find ...

Math, 2 months ago

Xavier Pinto deposits ₹250 p.m. in a bank paying 12% p.a on recurring deposit find the amount due to him after 3 years if the interest is simple interest paid by the bank on the recurring deposit...

Computer Science, 5 months ago

1. __________ appears at the bottom of the Excel window A) tittle bar B) formula bar C) work sheet D name box computer questions...

English, 5 months ago

what happen to our bady when wesleep ?

English, 11 months ago

the big bang was the inevitable consequence of the law of physics add a question tag...

Biology, 11 months ago

please say some important question for HSC board exam...

Math, 11 months ago

help pls I am not getting this...