Name the account which is opened to credit the share of profit of the deceased partner, till the time of his death to his Capital Account. Post category:Accountancy Reading time:1 mins read SOLUTION Profit and Loss Suspense Account Please Share This Share this content Opens in a new window X Opens in a new window Facebook Opens in a new window Pinterest Opens in a new window LinkedIn Opens in a new window Viber Opens in a new window VK Opens in a new window Reddit Opens in a new window Tumblr Opens in a new window Viadeo Opens in a new window WhatsApp Read more articles Previous PostHow goodwill is recorded on the retirement or death of a partner? Next PostAt what rate interest is payable on the amount remaining unpaid to the executor of deceased partner? (C.B.S.E. 2019 M.P.) You Might Also Like X, Y and Z are sharing profits and losses in the ratio of 5 : 3 : 2. With effect from 1st April, 2019, they decide to share profits and losses in the ratio of 5 : 2 : 3. Calculate each partner’s gain or sacrifice due to the change in ratio. July 27, 2022 What is meant by ‘Convertible Debentures’? September 29, 2022 Reya, Mona and Nisha shared profits in the ratio of 3 : 2 : 1. The profits for the last three year were Rs. 1,40,000; Rs. 84,000 and Rs. 1,06,000 respectively. These profits were by mistake shared equally for all the give necessary Journal entry for the same. July 21, 2022 Leave a Reply Cancel replyYou must be logged in to post a comment.
X, Y and Z are sharing profits and losses in the ratio of 5 : 3 : 2. With effect from 1st April, 2019, they decide to share profits and losses in the ratio of 5 : 2 : 3. Calculate each partner’s gain or sacrifice due to the change in ratio. July 27, 2022
Reya, Mona and Nisha shared profits in the ratio of 3 : 2 : 1. The profits for the last three year were Rs. 1,40,000; Rs. 84,000 and Rs. 1,06,000 respectively. These profits were by mistake shared equally for all the give necessary Journal entry for the same. July 21, 2022