State whether the following statements is true or false :An amount due

1.	State whether the following statements is true or false :An amount due to a deceased partner is transferred to his executor’s loan A/c.OptionsTrueFalse
Answer» True Explanation: The amount due to a deceased partner is paid to his/her legal heirs. So, the amount due is transferred to his/her Executors’ Loan A/c.

State whether the following statements is true or false :An amount due to a deceased partner is transferred to his executor’s loan A/c.OptionsTrueFalse

Answer»

True

Explanation: The amount due to a deceased partner is paid to his/her legal heirs. So, the amount due is transferred to his/her Executors’ Loan A/c.

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State whether the following statements is true or false :An amount due to a deceased partner is transferred to his executor’s loan A/c.OptionsTrueFalse

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