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3. The executor of a deceased …

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3. The executor of a deceased partner who shared 1/3rd profits and whose capital account stood at Rs. 2,00,000 after all adjustments agreed to take investments of Rs.1,50,000 for Rs. 1,20,000. The remaining amount was settled in cash. Pass the journal entry for payment of balance amount to the executor.

Posted by Harshit Mittall 6 years, 8 months ago

CBSE > Class 12 > Accountancy

1 answers

Aman Singh 6 years, 8 months ago

Deceased Partner's Executor's A/c Dr. 30,000 To Bank A/c. 30000 ( Being the payment made to the deceased partner's executor's A/c )

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