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In the absence of proper agreement, representative of the diseased partner is entitled to the Dead partner’s share in the following items.
  • a)
    Profits till date, goodwill, joint life policy,  share in revalued assets and liabilities.
  • b)
    Capital, goodwill, joint life policy, interest on capital, share in revalued assets and liabilities
  • c)
    Capital, profits till date, goodwill, interest on capital, share in revalued assets and liabilities
  • d)
    Capital, profits till date, goodwill, joint life policy, share in revalued assets and liabilities
Correct answer is option 'D'. Can you explain this answer?
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In the absence of proper agreement, representative of the diseased par...
's share of the partnership. This means that if a partner dies and there is no agreement in place, their representative (usually their legal heir or executor) has the right to claim their share of the partnership. This share can include any assets, liabilities, and profits or losses that the deceased partner would have been entitled to. It is important to note that this entitlement may vary depending on the jurisdiction and the specific terms of the partnership agreement, if one exists. It is always recommended to have a proper partnership agreement in place to avoid any ambiguity or disputes in such situations.
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In the absence of proper agreement, representative of the diseased partner is entitled to the Dead partner’s share in the following items.a)Profits till date, goodwill, joint life policy, share in revalued assets and liabilities.b)Capital, goodwill, joint life policy, interest on capital, share in revalued assets and liabilitiesc)Capital, profits till date, goodwill, interest on capital, share in revalued assets and liabilitiesd)Capital, profits till date, goodwill, joint life policy, share in revalued assets and liabilitiesCorrect answer is option 'D'. Can you explain this answer?
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In the absence of proper agreement, representative of the diseased partner is entitled to the Dead partner’s share in the following items.a)Profits till date, goodwill, joint life policy, share in revalued assets and liabilities.b)Capital, goodwill, joint life policy, interest on capital, share in revalued assets and liabilitiesc)Capital, profits till date, goodwill, interest on capital, share in revalued assets and liabilitiesd)Capital, profits till date, goodwill, joint life policy, share in revalued assets and liabilitiesCorrect answer is option 'D'. Can you explain this answer? for CA Foundation 2024 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about In the absence of proper agreement, representative of the diseased partner is entitled to the Dead partner’s share in the following items.a)Profits till date, goodwill, joint life policy, share in revalued assets and liabilities.b)Capital, goodwill, joint life policy, interest on capital, share in revalued assets and liabilitiesc)Capital, profits till date, goodwill, interest on capital, share in revalued assets and liabilitiesd)Capital, profits till date, goodwill, joint life policy, share in revalued assets and liabilitiesCorrect answer is option 'D'. Can you explain this answer? covers all topics & solutions for CA Foundation 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for In the absence of proper agreement, representative of the diseased partner is entitled to the Dead partner’s share in the following items.a)Profits till date, goodwill, joint life policy, share in revalued assets and liabilities.b)Capital, goodwill, joint life policy, interest on capital, share in revalued assets and liabilitiesc)Capital, profits till date, goodwill, interest on capital, share in revalued assets and liabilitiesd)Capital, profits till date, goodwill, joint life policy, share in revalued assets and liabilitiesCorrect answer is option 'D'. Can you explain this answer?.
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Here you can find the meaning of In the absence of proper agreement, representative of the diseased partner is entitled to the Dead partner’s share in the following items.a)Profits till date, goodwill, joint life policy, share in revalued assets and liabilities.b)Capital, goodwill, joint life policy, interest on capital, share in revalued assets and liabilitiesc)Capital, profits till date, goodwill, interest on capital, share in revalued assets and liabilitiesd)Capital, profits till date, goodwill, joint life policy, share in revalued assets and liabilitiesCorrect answer is option 'D'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of In the absence of proper agreement, representative of the diseased partner is entitled to the Dead partner’s share in the following items.a)Profits till date, goodwill, joint life policy, share in revalued assets and liabilities.b)Capital, goodwill, joint life policy, interest on capital, share in revalued assets and liabilitiesc)Capital, profits till date, goodwill, interest on capital, share in revalued assets and liabilitiesd)Capital, profits till date, goodwill, joint life policy, share in revalued assets and liabilitiesCorrect answer is option 'D'. Can you explain this answer?, a detailed solution for In the absence of proper agreement, representative of the diseased partner is entitled to the Dead partner’s share in the following items.a)Profits till date, goodwill, joint life policy, share in revalued assets and liabilities.b)Capital, goodwill, joint life policy, interest on capital, share in revalued assets and liabilitiesc)Capital, profits till date, goodwill, interest on capital, share in revalued assets and liabilitiesd)Capital, profits till date, goodwill, joint life policy, share in revalued assets and liabilitiesCorrect answer is option 'D'. Can you explain this answer? has been provided alongside types of In the absence of proper agreement, representative of the diseased partner is entitled to the Dead partner’s share in the following items.a)Profits till date, goodwill, joint life policy, share in revalued assets and liabilities.b)Capital, goodwill, joint life policy, interest on capital, share in revalued assets and liabilitiesc)Capital, profits till date, goodwill, interest on capital, share in revalued assets and liabilitiesd)Capital, profits till date, goodwill, joint life policy, share in revalued assets and liabilitiesCorrect answer is option 'D'. Can you explain this answer? theory, EduRev gives you an ample number of questions to practice In the absence of proper agreement, representative of the diseased partner is entitled to the Dead partner’s share in the following items.a)Profits till date, goodwill, joint life policy, share in revalued assets and liabilities.b)Capital, goodwill, joint life policy, interest on capital, share in revalued assets and liabilitiesc)Capital, profits till date, goodwill, interest on capital, share in revalued assets and liabilitiesd)Capital, profits till date, goodwill, joint life policy, share in revalued assets and liabilitiesCorrect answer is option 'D'. Can you explain this answer? tests, examples and also practice CA Foundation tests.
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