Q18. What is the correct sequence at the time of death of a partner?

Q: What is the correct answer for CUET UG Accounting Q18?

The correct answer is A. The correct sequence at the time of the death of a partner is as follows: (B) Preparation of Revaluation account: This step involves revaluing the assets and liabilities of the partnership to determine any gains or losses resulting from the change in partnership due to the death of a partner. (D) Calculation of Revaluation Gain/Loss: After preparing the Revaluation account, the gains or losses are

Q: Q18. What is the correct sequence at the time of death of a partner?

The correct answer is A. The correct sequence at the time of the death of a partner is as follows: (B) Preparation of Revaluation account: This step involves revaluing the assets and liabilities of the partnership to determine any gains or losses resulting from the change in partnership due to the death of a partner. (D) Calculation of Revaluation Gain/Loss: After preparing the Revaluation account, the gains or losses are

Q: What are the options for this CUET UG Accounting question?

A. (B), (D), (C), (A), (E) · B. (B), (D), (A), (C), (E) · C. (D), (B), (C), (A), (E) · D. (D), (B), (A), (C), (E)

Question

Q18. What is the correct sequence at the time of death of a partner?

FirstInTest · Accepted Answer

The correct sequence at the time of the death of a partner is as follows: (B) Preparation of Revaluation account: This step involves revaluing the assets and liabilities of the partnership to determine any gains or losses resulting from the change in partnership due to the death of a partner. (D) Calculation of Revaluation Gain/Loss: After preparing the Revaluation account, the gains or losses are calculated, reflecting the changes in the value of assets and liabilities. (C) Calculation of Amount Payable to the Executor of the Deceased Partner: Once the revaluation is complete, the amount payable to the executor of the deceased partner is determined. This includes the deceased partner's share of the partnership assets. (A) Amount Paid to Executor: After calculating the amount payable, it is paid to the executor of the deceased partner's estate. (E) Balance of Executor's Loan Account: Finally, any remaining balances in the executor's loan account, if applicable, are settled or adjusted.

Answer

(B), (D), (C), (A), (E)

Answer

(B), (D), (A), (C), (E)

Answer

(D), (B), (C), (A), (E)

Answer

(D), (B), (A), (C), (E)

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