Update

Muft Shiksha™ एक 100% Free Education Portal है 🇮🇳, जिसका उद्देश्य Class 9–12 के हर विद्यार्थी तक High-Quality Education को पूरी तरह मुफ्त पहुँचाना है। 🇮🇳 हम मानते हैं कि अच्छी शिक्षा किसी student की आर्थिक स्थिति पर निर्भर नहीं होनी चाहिए। 🇮🇳 हर विद्यार्थी को वही Quality Study Material, MCQs, Quizzes, Exam Preparation, Concept-Based Learning और Bilingual Support मिलना चाहिए, जो आमतौर पर महंगी Coaching या Premium Platforms में मिलता है। Muft Shiksha™ 🇮🇳 इसी सोच के साथ बनाया गया है

Subjects
0 reads0 ratings0 helpful

Why is the amount due to a deceased partner paid to the legal representative?

Answer and explanation

Correct answer: He legally represents the deceased partner’s estate and claim

After a partner’s death, the amount due for capital, goodwill, accumulated profits and profit up to the date of death is paid to the legal representative because that person represents the deceased partner’s estate and lawful claim. The legal representative does not automatically become the new owner of the firm. Exam tip: In a partner’s death, transfer the amount due to the deceased partner’s account to the legal representative’s account.

Related tags

Deceased PartnerLegal RepresentativePartnership AccountsReconstitutionPartner ShareDeceased Partner’s ShareDeceased Partner S ShareReconstitution Retirement Or Death Of A Partner

Was this question useful?

No ratings yetWrite a review / Rate this question

Student Reviews

No published reviews yet.

Add Muft Shiksha to your Home Screen

In Safari, tap Share, then Add to Home Screen.