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easyMCQCUET Accountancy 2025 3 June Shift 22026Accountancy
1 mark

On the death of a partner, the deceased partner's capital account will NOT be credited with:

  1. A
    His/her share of goodwill
  2. B
    His/her salary/commission/bonus
  3. C
    His/her Interest on Capital
  4. D
    His/her interest on drawings

Solution & Step-by-step Explanation

Interest on drawings is an expense/charge collected by the firm from the partner. Therefore, it is debited to the deceased partner's capital account, not credited.

Practice this question

Try it yourself before checking the explanation above.

On the death of a partner, the deceased partner's capital account will NOT be credited with:
A
His/her share of goodwill
B
His/her salary/commission/bonus
C
His/her Interest on Capital
D
His/her interest on drawings

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PartnershipRetirement/DeathDeceased Partner Capital

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