On the death of a partner in a firm, the payment to be made to the deceased partner is transferred to:

Executor's A/c

The correct answer is option 2- Executor's A/c.

On the death of a partner in a firm, the payment to be made to deceased partner is transferred to Executor's A/c.

The accounting treatment for disposal of amount due to retiring partner and deceased partner is similar with a difference that in case of death of a partner, the amount credited to him/her is transferred to his Executors’ Account and the payment has to be made to him/her.