In case of death of a partner, the whole amount standing to the credit of his capital account is transferred to :
A. Capital Accounts of all partners
B. Capital Accounts of remaining partners
C. His Executor’s Account
D. Account of the Government
Answer:C
In case of death of a partner, the whole amount standing to the credit of his capital account is transferred to :
A. Capital Accounts of all partners B. Capital Accounts of remaining partners C. His Executor’s Account D. Account of the Government