Question

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 1

The Correct Option is D

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.