On the death of a partner, his share in the loss of the firm till the date of his death is transfered to : Option 1: Debit side of P and L a/c Option 2: Credit side of P and L suspense a/c Option 3: Debit side of P and L Suspense a/c Option 4: Credit side of P and L a/c

The answer is 'Credit side of P and L suspense a/c'. View full solution:

CUET Accountancy - On the death of a partner, his share in the loss of the firm till the date of his death is transfered to : | PYQs + Solutions

CUET Accountancy 2022 20 July Shift 1

Partnership

Medium

Debit side of P and L a/c

Credit side of P and L suspense a/c

Debit side of P and L Suspense a/c

Credit side of P and L a/c

✅ Correct Option: 2