CUET Accountancy 2024 PYQs

Opening balance of his capital ➔ ✅ (Included) $\newline$ Reason: ➔ This is the starting capital amount of the deceased partner and forms the base of the account.

His share of profit/loss till the date of death ➔ ✅ (Included) $\newline$ Reason: ➔ The deceased partner is entitled to a share of profits (or responsible for losses) earned up to the date of death, so it must be adjusted in his capital account.

His share of General Reserve ➔ ✅ (Included) $\newline$ Reason: ➔ General Reserve is distributed among all partners (including the deceased), so his share is credited to his capital account.

His drawings till the date of death ➔ ✅ (Included) $\newline$ Reason: ➔ Drawings reduce the partner’s capital, so any amount withdrawn is debited to his capital account.

Amount paid to his executors ➔ ❌ (Not Included) $\newline$ Reason: ➔ This is the final payment made after the capital account is settled; it is not part of the capital account itself.