While calculating the amount due to a deceased partner, which of the following items is generally deducted?

Correct answer: Drawings

Drawings, along with interest on drawings, are debit items and are deducted while determining the amount due to the deceased partner. In contrast, the partner’s share of the reserve fund, goodwill and accumulated profits is generally credited to the partner’s capital account. Exam tip: add credit items such as profits and goodwill, and deduct debit items such as drawings and losses.