Which information is most essential for determining the relevant period while calculating a deceased partner’s share of profit up to the date of death?

Correct answer: Date of death

The date of death fixes the closing point of the period from the beginning of the accounting year or the date of the last accounts up to which profit must be estimated. The deceased partner’s profit-sharing ratio is then applied to the profit attributable to this period. The office address, number of employees and bank branch do not determine the relevant period. Exam tip: treat the date of death as the cut-off date for calculating profit up to death.