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The correct determination of a deceased partner’s share in the profit earned up to the date of death primarily safeguards whose claim?

Answer and explanation

Correct answer: कानूनी प्रतिनिधियों का

The deceased partner’s share of profit earned up to the date of death is credited to the partner’s Capital Account or Executor’s Account and becomes payable to the legal representatives. Therefore, accurate calculation safeguards the correct amount of their claim. Customers, suppliers and the bank are not direct claimants to this profit share. In an examination, remember that profit up to the date of death is settled with the deceased partner’s legal representatives.

Related tags

Partnership AccountsPartner Retirement And DeathDeceased PartnerProfit Till Date Of DeathLegal RepresentativesDeceased Partner’s ShareDeceased Partner S ShareReconstitution Retirement Or Death Of A Partner

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