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How do you close the Executors …

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How do you close the Executors Account?

Posted by Avantika Deshpande 4 years, 1 month ago

CBSE > Class 12 > Accountancy

3 answers

Riya Choudhary 4 years ago

2 ways.. By transferring the balanace to the loan account in the name of executer or.. By paying it of fully in cash.. It would be mention in the question itself.. Btw ...not in syllabus..?

Manav Sharma 4 years, 1 month ago

Not in syllabus

Yogita Ingle 4 years, 1 month ago

Executor's account is prepared in case of death of a partner.The closing balance of deceased (dead) partner's capital account is credited to his executors account. It is basically prepared to tranfer the closing balance of deceased partner.(just as we prepare retiring partner's loan account in case of retirement)

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