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On the death of a partner, his share in the loss of the firm till the date of his death is transferred to:
  • a)
    Debit side of P and L A/c
  • b)
    Credit side of P and L Suspense A/c
  • c)
    Debit side of P and L Suspense A/c
  • d)
    Credit side of P and L A/c
Correct answer is option 'B'. Can you explain this answer?
Most Upvoted Answer
On the death of a partner, his share in the loss of the firm till the ...
On credit side of P and C suspense A/c.
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On the death of a partner, his share in the loss of the firm till the date of his death is transferred to:a)Debit side of P and L A/cb)Credit side of P and L Suspense A/cc)Debit side of P and L Suspense A/cd)Credit side of P and L A/cCorrect answer is option 'B'. Can you explain this answer?
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On the death of a partner, his share in the loss of the firm till the date of his death is transferred to:a)Debit side of P and L A/cb)Credit side of P and L Suspense A/cc)Debit side of P and L Suspense A/cd)Credit side of P and L A/cCorrect answer is option 'B'. Can you explain this answer? for Humanities/Arts 2025 is part of Humanities/Arts preparation. The Question and answers have been prepared according to the Humanities/Arts exam syllabus. Information about On the death of a partner, his share in the loss of the firm till the date of his death is transferred to:a)Debit side of P and L A/cb)Credit side of P and L Suspense A/cc)Debit side of P and L Suspense A/cd)Credit side of P and L A/cCorrect answer is option 'B'. Can you explain this answer? covers all topics & solutions for Humanities/Arts 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for On the death of a partner, his share in the loss of the firm till the date of his death is transferred to:a)Debit side of P and L A/cb)Credit side of P and L Suspense A/cc)Debit side of P and L Suspense A/cd)Credit side of P and L A/cCorrect answer is option 'B'. Can you explain this answer?.
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