Preparation of Deceased Partner’s Capital Account

IMPORTANT

Preparation of Deceased Partner’s Capital Account: Overview

This topic covers concepts, such as, Treatment of Separate Life policy on Partner Death, Calculation of Profit upto Date of Partner's Death, Treatment of Goodwill in Case of Death of Partner and Rights of Outgoing Partner on Subsequent Profits etc.

Important Questions on Preparation of Deceased Partner’s Capital Account

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IMPORTANT
Accountancy>Reconstitution of a Partnership Firm – Retirement/Death of a Partner>Preparation of Deceased Partner’s Capital Account> Q 1

How is the share of profits calculated for a deceased partner based on the previous year’s profits?

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IMPORTANT
Accountancy>Reconstitution of a Partnership Firm – Retirement/Death of a Partner>Preparation of Deceased Partner’s Capital Account> Q 2

What are the methods of computing the share in profits in the event of the death of a partner?

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IMPORTANT
Accountancy>Reconstitution of a Partnership Firm – Retirement/Death of a Partner>Preparation of Deceased Partner’s Capital Account> Q 3

How is the amount payable to a deceased partner computed?