Practicing Success
Which of the following accounts or statement can be made at the time of death of a partner by the partnership firm? |
B, E, F A, C, G A, C, F, G B, D, E, G |
A, C, F, G |
The revaluation A/c is made to revalue assets and reassess liabilities. Partner's Capital A/c is made for the partners when capital accounts are made with the fluctuating capital method. Partner's Executor A/c is made at the time of death of a partner and the deceased partner share will be transferred to his executor A/c. Balance sheet is made at the last to know the financial position of the partnership firm. |