Practicing Success
The amount due to the deceased partner is paid to his: |
Executor Wife Father Any of the family Member with the consent of all the family members. |
Executor |
It may noted that 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. |