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

In which situation is interest on capital included in the deceased partner’s share?

Answer and explanation

Correct answer: Interest accrued up to the date of death

Interest on capital accrued up to the date of death is credited to the deceased partner’s account because it is due for the period during which the partner was in the firm. Interest for the period after death, or interest recognised merely on receipt of cash or estimation, is not included. In an exam, identify the phrase “up to the date of death” as the key clue.

Related tags

Deceased Partner ShareInterest On CapitalPartnership ReconstitutionRetirement And Death Of PartnerAccountancy Class 12Deceased 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.