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When premium paid on JLP taken up severely for each partner, the amount received on death of a partner would be firm’s profit. It is also necessary to credit Partner’s Capital Account with …………. Of the policy on the lives of the remaining partnersa)Policy Valueb)Lump-sum Valuec)Surrender Valued)Actual ValueCorrect answer is option 'C'. Can you explain this answer? for CA Foundation 2025 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about When premium paid on JLP taken up severely for each partner, the amount received on death of a partner would be firm’s profit. It is also necessary to credit Partner’s Capital Account with …………. Of the policy on the lives of the remaining partnersa)Policy Valueb)Lump-sum Valuec)Surrender Valued)Actual ValueCorrect answer is option 'C'. Can you explain this answer? covers all topics & solutions for CA Foundation 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for When premium paid on JLP taken up severely for each partner, the amount received on death of a partner would be firm’s profit. It is also necessary to credit Partner’s Capital Account with …………. Of the policy on the lives of the remaining partnersa)Policy Valueb)Lump-sum Valuec)Surrender Valued)Actual ValueCorrect answer is option 'C'. Can you explain this answer?.

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