Which of the following will be shown on the credit side of Deceased P…

Which of the following will be shown on the credit side of Deceased Partner A/c?

A. Revaluation Gain Share
B. Goodwill written off
C. Share of profit till date of death
D. Drawings till date of death
E. Interest on capital till date of death

Choose the correct answer from the options given below:

Answer & explanation

Correct answer: option 4

The correct answer is Option (4) → A, C and E only

The credit side of the deceased partner’s capital account carries what is due to him; the debit side carries what is deducted:

(A) Revaluation Gain Share — True. His share of the gain is credited.
(B) Goodwill written off — False. Writing off goodwill reduces his capital, so it is a debit.
(C) Share of profit till date of death — True. It is credited, through the Profit and Loss Suspense Account.
(D) Drawings till date of death — False. Drawings are a deduction, so they are debited.
(E) Interest on capital till date of death — True. It is an amount due to him.

NCERT (2026-27 edition):
Ascertaining the Amount Due to Retiring/Deceased Partner – “The sum due to the retiring partner (in case of retirement) and to the legal representatives/ executors (in case of death) includes: (i) credit balance of his capital account; (ii) credit balance of his current account (if any); (iii) his share of goodwill; (iv) his share of accumulated profits (reserves); (v) his share in the gain of revaluation of assets and liabilities; (vi) his share of profits up to the date of retirement/death; (vii) interest on his capital, if involved, up to the date of retirement/death; and (viii) salary/commission, if any, due to him up to the date of retirement/death.”

NCERT (2026-27 edition):
Ascertaining the Amount Due to Retiring/Deceased Partner – “… The following deductions, if any, may have to be made from his share: (i) debit balance of his current account (if any); (ii) his share of goodwill to be written off, if necessary; (iii) his share of accumulated losses; (iv) his share of loss on revaluation of assets and liabilities; (v) his share of loss up to the date of retirement/death; (vi) his drawings up to the date of retirement/death; (vii) interest on drawings, if involved, up to the date of retirement/death.”