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Accountancy > accounting-for-partnership-firms > Retirement And Death Of A Partner
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Question 1
On the death of a partner, his share in the profits of the firm till the date of his death is transferred to the : (i) Debit of Profit and Loss Account. (ii) Credit of Profit and Loss Account. (iii) Debit of Profit and Loss Suspense Account. (iv) Credit of Profit and Loss Suspense Account.
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