Assertion: When a partner dies, he is entitled to his share of the profit earned up to the date of his death. Reason: He was a partner of the firm up to the date of his death.

Correct answer: Both the Assertion and Reason are true, and the Reason is the correct explanation of the Assertion.

A partner remains a member of the firm up to the date of death, so his agreed share of the profit earned up to that date is determined and generally credited to his Capital or Current Account. Therefore, both statements are true, and the Reason directly explains why he is entitled to that profit. Option B is incorrect because the Reason is the actual basis of the Assertion, not merely a related fact. Exam tip: distinguish the deceased partner’s right to profit from its payment to his legal representative, which may occur later.