Practicing Success
The amount due to the deceased partner is paid to his…… |
Wife Executors Father Children |
Executors |
The correct answer is option 2- Executors. The accounting treatment in the event of the death of a partner is similar to that in case of retirement of a partner, and that in case of death of a partner, his claim is transferred to his executors and settled in the same manner as that of the retired partner. |