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

deceased partner's executor's account

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profit and loss account

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ongoing partner's capital account

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None of these

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Solution

The correct option is A
deceased partner's executor's account

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

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

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