Home
Class 12
ACCOUNTS
On the death of a partner, the amount du...

On the death of a partner, the amount due to him will be credited to :

A

All partner's Capital Accounts

B

Remaining partner's Capital Accounts

C

His Executor's Account

D

Governments' Revenue Account

Text Solution

Verified by Experts

The correct Answer is:
C
Promotional Banner

Topper's Solved these Questions

  • REDEMPTION OF DEBENTURES

    DK GOEL|Exercise MCQ|6 Videos
  • WRITING OFF DISCOUNT/LOSS ON ISSUE OF DEBENTURES

    DK GOEL|Exercise ILLUSTRATION 4.|1 Videos

Similar Questions

Explore conceptually related problems

Death Of Partner

Interest on partner's capitals will be credited to :

Interest on partner's drawings will be credited to

DK GOEL-RETIREMENT OR DEATH OF A PARTNER-Multiple Choice Questions
  1. What journal entry will be recorded for deceased partner's share in p...

    Text Solution

    |

  2. On retirement of a prtner, goodwill will be credited to the Capital Ac...

    Text Solution

    |

  3. On the death of a partner, the amount due to him will be credited to :

    Text Solution

    |

  4. How goodwill is recorded on the retirement of a partner ?

    Text Solution

    |

  5. A, B and C partners in 3: 4:2 B wants to retire from the firm. The pro...

    Text Solution

    |

  6. A, B and C are partners sharing profits in the ratio of 5:2:1. If the ...

    Text Solution

    |

  7. P, Q and R are partners sharing profits in the ratio of 5:4:3. Q retir...

    Text Solution

    |

  8. A, B and C are partners sharing profits in the ratio of 1//2: 1//4: 1/...

    Text Solution

    |

  9. A, B and C are partners sharing profits in the ratio of 1//4:3//10: 9/...

    Text Solution

    |

  10. X, Y and Z have been sharing profits in the ratio of 4:2:1 Z retires. ...

    Text Solution

    |

  11. P, Q and R have been sharing profits and losses in the ratio of 5:3:2....

    Text Solution

    |

  12. A, B and C share profits and losses of the firm equally. B retires fro...

    Text Solution

    |

  13. P, Q and R have been sharing profits in the ratio of 8:5:3. P retire...

    Text Solution

    |

  14. A, B and C are equal partners. C retires. He surrenders 3//5th of his ...

    Text Solution

    |

  15. P, Q and R partners sharing profits in the ratio of 4:3:2. Q retires a...

    Text Solution

    |

  16. L, P and G are three partners sharing profit in the ratio 15:9:8. G Re...

    Text Solution

    |

  17. On 1st April, 2019 A , B and C were partners sharing profits and losse...

    Text Solution

    |

  18. B, P and L sharing profits in the ratio 4:3:2. B retires, P and L deci...

    Text Solution

    |

  19. P, Q and R were partners sharing profits in the ratio 2:2:1. Q retires...

    Text Solution

    |

  20. A, B and C are equal partners in a firm. B retires and the remaining p...

    Text Solution

    |