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The deed includes capital interest salary profit share and goodwill in amount due on death. Which item relates to right up to death rather than future service?

Answer and explanation

Correct answer: Profit share up to date of death

A deceased partner gets rights earned up to date of death. Salary for future service is generally not payable.

Related tags

Death SettlementProfit ShareDeedPartnership DeedPartnership Accounts Basic ConceptsAccountancyClass 12 Mcq

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