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On the death of partner his executors are paid the share of deceased partner in the profit of the firm till the date of his death. This amount is recorded in profit and loss____ A/c is recorded in Profit and Loss
  • a)
    Adjustment
  • b)
    Appropriation
  • c)
    Suspense
  • d)
    Reserve
Correct answer is option 'C'. Can you explain this answer?
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On the death of partner his executors are paidthe share of deceased partner in the profit of the firm till the date of his death. This amount is recorded in profit and loss____ A/c is recorded in Profit and Lossa)Adjustmentb)Appropriationc)Suspensed)ReserveCorrect answer is option 'C'. Can you explain this answer?
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On the death of partner his executors are paidthe share of deceased partner in the profit of the firm till the date of his death. This amount is recorded in profit and loss____ A/c is recorded in Profit and Lossa)Adjustmentb)Appropriationc)Suspensed)ReserveCorrect answer is option 'C'. 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 On the death of partner his executors are paidthe share of deceased partner in the profit of the firm till the date of his death. This amount is recorded in profit and loss____ A/c is recorded in Profit and Lossa)Adjustmentb)Appropriationc)Suspensed)ReserveCorrect answer is option 'C'. 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 On the death of partner his executors are paidthe share of deceased partner in the profit of the firm till the date of his death. This amount is recorded in profit and loss____ A/c is recorded in Profit and Lossa)Adjustmentb)Appropriationc)Suspensed)ReserveCorrect answer is option 'C'. Can you explain this answer?.
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