Balbharati solutions for Book-keeping and Accountancy 12th Standard HSC Maharashtra State Board
Chapter 5 - Reconstitution of Partnership (Death of Partner) [Latest edition]
Write a word, term, phrase, which can substitute the following statement.
Excess of credit side over the debit side of profit and loss adjustment account.- Profit
Debit balance of Realisation account -Realisation Loss
A Person who represents the deceased partner on the death of the Partner.- Legal Heir's or Executor
Accumulated past profit kept in the form of reserve.- Reserve fund or General reserve.
The Partner who died.- Deceased partner.
The proportion in which the continuing partners benefit due to the death of a partner.- Gain/Benefit ratio
