Amount due to a deceased partner shown by his capital account is transferred to his ___

None of the above

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Lawyer`s account

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Executor`s account

Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses

Current account

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Open in App

Solution

The correct option is C
Executor`s account

Amount due to a deceased partner shown by his capital account is transferred to his executors’ account

Suggest Corrections

Similar questions

After the death of a partner, the balance in his capital account is transferred to executor's account. True or False.

We close deceased partner's capital account by transferring the amount to ______________ account.

Name the account which is opened to credit the share of profit of the deceased partner, till the time of his death to his capital account?

Join BYJU'S Learning Program