Page 5 - ha1 death of partner

16. In case of Memorandum Revaluation Account is prepared , the assets &

liabilities appear in the books of reconstitution firm at their :

A) Old Book value

B) Market Value

C) Revalued Figures

d) None of the above

17. On the death of a partner his share of salary will appear which side of the

deceased partner capital account.

a) Debit side

b) Credit side

c) Both

d) None of the above

18. On the death of a partner his Capital Credit balance will appear which side

of the deceased partner capital account.

a) Debit side

b) Credit side

c) Both

d) None of the above

19. On the death of a partner his share of interest on drawing will appear

which side of the deceased partner capital account.

a) Debit side

b) Credit side

c) Both

d) None of the above