The Deceased Partner's Capital Account includes the following amount/balances: Option 1: (A), (B), (D) and (E) only Option 2: (A), (B), (C) and (D) only Option 3: (A), (B) and (C) only Option 4: (A), (B), (C) and (E) only

The answer is '(A), (B), (C) and (D) only'. View full solution:

CUET Accountancy - The Deceased Partner's Capital Account includes the following amount/balances: | PYQs + Solutions

CUET Accountancy

Partnership

Medium

(A), (B), (D) and (E) only

(A), (B), (C) and (D) only

(A), (B) and (C) only

(A), (B), (C) and (E) only

✅ Correct Option: 2

Related questions:

29 May Shift 2

From the following identify the items which are payable to retiring partner, if mentioned in deed:

A. Credit balance of his/her Capital/Current Account

B. Share of goodwill

C. Goodwill of the firm

D. Share in revaluation gain/loss

E. Share in accumulated profits (Reserves)

Choose the correct answer from the options given below:

22 May Shift 1

In the event of the death of a partner, the ratio in which the continuing partners acquire the share from the deceased partner is called .......

3 June Shift 1

Steps involved in accounting treatment at the time of death/retirement of a partner -

(A) Adjustment of capital, if required

(B) Preparation of revaluation account, if required

(D) Settlement of the amounts due to retired / deceased partner

Choose the correct answer from the options given below: