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The goodwill share of a deceased partner is credited to which account?

Answer and explanation

Correct answer: Deceased partner executor account

The deceased partner goodwill share is part of the amount payable to him. Therefore it is credited to executor account.

Related tags

GoodwillDeathExecutorGoodwill SettlementReconstitution Retirement Or Death Of A PartnerAccountancyClass 12 Mcq

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