Advertisements
Advertisements
प्रश्न
On the death of a partner, his share in the profits of the firm till the date of his death is transferred to the ______
विकल्प
Debit of Profit and Loss Account.
Credit of Profit and Loss Account.
Debit of Profit and Loss Suspense Account.
Credit of Profit and Loss Suspense Account.
MCQ
उत्तर
On the death of a partner, his share in the profits of the firm till the date of his death is transferred to the Debit of Profit and Loss Suspense Account.
Explanation:
When a partner dies, his portion of the firm's profits up to the date of his death is moved to the profit and loss suspense account.
shaalaa.com
Retirement or Death of a Partner - Adjustment of Accumulated Profits and Losses
क्या इस प्रश्न या उत्तर में कोई त्रुटि है?
