Complete the sentence: Deceased partner’s executor’s account is shown on the _____ side of balance sheet.
Q.1 (B) (3) Complete the sentence: Deceased partner’s executor’s account is shown on the _____ side of balance sheet.
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Best answer
Answer: liabilities
The amount due to the deceased partner is transferred to his executor’s account. Until it is paid it is an amount owed by the firm, so it appears on the liabilities side of the balance sheet.
Doubtly AI
· 28 Oct 2026
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