In a partnership firm, is a share of the ordinary future profits earned after a partner’s death included in the deceased partner’s account?

Correct answer: No, only the share of profits up to the date of death is included

The deceased partner’s account generally includes the partner’s proportionate share of profits earned by the firm up to the date of death, along with other relevant adjustments such as goodwill and revaluation profit or loss. A share of ordinary future profits earned after death is not added to that account. Therefore, option B is incorrect because it claims a share in all post-death profits. In an examination, distinguish carefully between profit up to the date of death and future profit after death.