Question
Accountancy Question on Partnership Accounts
The Deceased Partners Capital Account includes the following amount/balances:
(A) Opening balance of his capital
(B) His share of profit/loss till the date of death
(C) His share of General Reserve
.(D) His drawings till the date of death
(E) Amount paid to his executors
A
A, B, D, and E only
B
A, B, C, and D only
C
A, B, and C only
D
A, B, C, and E only
Answer
A, B, C, and E only
Explanation
Solution
The Deceased Partners Capital Account includes the opening balance, share of profit/loss, share of general reserve, and the amount paid to his executors.
Hence, the correct answer is Option 4.