Death of a Partner
Death of a Partner: Overview
This topic covers concepts such as, Death of a Partner etc.
Important Questions on Death of a Partner
Which document is used to settle the amount due to the deceased partner's legal representatives?

The deceased partner's share of profit is determined by which of the following methods?

Which of the following is not included in the computation of the deceased partner's dues?

Which account is credited with the deceased partner's share of goodwill?

What is the first step in the process of accounting for the death of a partner?

On retirement/death of a partner, the remaining partners who have gained due to change in profit sharing ratio should compensate the:

A, B, and C are partners sharing profits in the ratio of 3:2:1. C died on 1st July, 2023. On this date, final accounts were prepared to ascertain profits for the period. It resulted in a profit of ₹ 1,75,000 to the firm. To give effect to the above
