Multiple Choice Questions on What journal entry will be recorded for deceased partner rsquo s share in profit from the closure of........... for Commerce 12th Preparation

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Multiple Choice Questions

What journal entry will be recorded for deceased partner rsquo s share in profit from the closure of...........

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    What journal entry will be recorded for deceased partner’s share in profit from the closure of last balance sheet till the date of his death?

    Profit and Loss A/c To Deceased Partner’s Capital A/c Dr.

    Incorrect Answer

    Deceased Partner’s Capital A/c To Profit and Loss A/c Dr.

    Incorrect Answer

    Deceased Partner’s Capital A/c To Profit and Loss Suspense A/c Dr.

    Incorrect Answer

    Profit and Loss Suspense A/c To Deceased Partner’s Capital A/c Dr.

    Correct Answer
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    Explanation:

    Profit and Loss Suspense A/c To Deceased Partner’s Capital A/c Dr.

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