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Commerce · Q1805

Accounting

Graduate and Post Graduate · Commerce · question 1805

Q1805

Amount received from joint life policy in case of a death of a partner will be credited in partner's capital account to

A.
To all partners in profit sharing ratio
Answer
B.
To remaining partners in profit sharing ratio
C.
to only deceased partner's account
D.
None of the above

Answer: Option A

Solution

Answer: Option A
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