Why are profits earned up to the date of a partner’s death included when calculating the deceased partner’s share?

Correct answer: His right to profit remains up to the date of death

The deceased partner is entitled to profit for the period during which he or she remained a partner, that is, up to the date of death. Therefore, the deceased partner’s agreed share of the current year’s profit earned up to that date is credited to the capital account or the executor’s account. There is no entitlement to profits earned after death. Exam tip: distinguish profit up to the date of death from goodwill and revaluation adjustments.