Accountancy, asked by choturaju1971, 4 months ago

write the journal entry to close the decreased partner's capital account.

Answers

Answered by CAManishK

1

Answer:

Partner’s capital account Dr.

To Executors account

Explanation:

All the monies belonging to the deceased partner is settled with his/her executor, who will later distribute all his/her wealth as per his/her will.

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