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On death of a partner, his executor is paid the share of profits of the dying partner for the relevant period. This payment is recorded in Profit & Loss ……… Account.
  • a)
    Adjustment.
  • b)
    Appropriation.
  • c)
    Suspense.
  • d)
    Reserve.
Correct answer is option 'C'. Can you explain this answer?
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On death of a partner, his executor is paid the share of profits of th...
The retirement of a partner extinguishes his interest in the Partnership firm and this leads to dissolution of the firm or reconstitution of the Partnership. A partner, who goes out of a firm, is called retiring partner or outgoing partner. Causes for the retirement may be that a retiring partner may be too old or he may have better opportunity in a different line or he may dislike the co-partners’ attitude or any other reasons.
this peyment is recorded in profit & loss suspence account

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On death of a partner, his executor is paid the share of profits of th...
On death of a partner, his executor is paid the share of profits of the dying partner for the relevant period. This payment is recorded in Profit & Loss Account.

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On death of a partner, his executor is paid the share of profits of the dying partner for the relevant period. This payment is recorded in Profit & Loss ……… Account.a)Adjustment.b)Appropriation.c)Suspense.d)Reserve.Correct answer is option 'C'. Can you explain this answer?
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On death of a partner, his executor is paid the share of profits of the dying partner for the relevant period. This payment is recorded in Profit & Loss ……… Account.a)Adjustment.b)Appropriation.c)Suspense.d)Reserve.Correct 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 death of a partner, his executor is paid the share of profits of the dying partner for the relevant period. This payment is recorded in Profit & Loss ……… Account.a)Adjustment.b)Appropriation.c)Suspense.d)Reserve.Correct 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 death of a partner, his executor is paid the share of profits of the dying partner for the relevant period. This payment is recorded in Profit & Loss ……… Account.a)Adjustment.b)Appropriation.c)Suspense.d)Reserve.Correct answer is option 'C'. Can you explain this answer?.
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