When the balance of the partner's capital account is transferred to executor's account, the deceased partner's account will be credited.

current

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

bank

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

executor's

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

loan

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

Open in App

Solution

The correct option is C executor's
The deceased partner's executor's account will be credited and his capital account will be debited when balance amount of partners capital account is transferred to executor account.

Suggest Corrections

Similar questions

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

Join BYJU'S Learning Program