14 Dec 2020 4:50 pm
Ebalbharathi, Solutions, for, Book-keeping, and, Accountancy, 12th, Standard, HSC, Maharashtra, State, Board,
Write the Word/ Term/ Phrase which can substitute of the following statement.
Excess of credit side over the debit side of profit and loss adjustment account.– Profit
Debit balance of Realisation account –Realisation Loss
A Person who represents the deceased partner on the death of the Partner.– Legal Heir’s or Executor
Accumulated past profit kept in the form of reserve.- Reserve fund or General reserve.
The Partner who died.- Deceased partner.
The proportion in which the continuing partners benefit due to the death of a partner.- Gain/Benefit ratio.