Up to which date is the deceased partner’s share of the current year’s profit generally calculated?

Correct answer: Up to the date of death

The deceased partner’s share of the current year’s profit is calculated only for the period from the beginning of the accounting year up to the date of death. The amount is usually estimated using past profits, time proportion, or sales. Therefore, the calculation is not extended to the end of the full accounting year. Exam tip: treat the date of death as the cut-off date for the profit calculation.