Write a word, term, phrase, which can substitute each of the following

1.	Write a word, term, phrase, which can substitute each of the following statements.i. Excess of credit side over the debit side of Profit and Loss Adjustment Account.ii. A person who represents the deceased partner on the death of the partner.iii. Accumulated past profit kept in the form of reserve.iv. The partner who died.v. The proportion in which the continuing partners benefit due to the death of a partner.
Answer» i. Profit ii. Legal Heir’s or Executor iii. Reserve fund or General reserve iv. Deceased partner v. Gain/Benefit ratio

Write a word, term, phrase, which can substitute each of the following statements.i. Excess of credit side over the debit side of Profit and Loss Adjustment Account.ii. A person who represents the deceased partner on the death of the partner.iii. Accumulated past profit kept in the form of reserve.iv. The partner who died.v. The proportion in which the continuing partners benefit due to the death of a partner.

Answer»

i. Profit

ii. Legal Heir’s or Executor

iii. Reserve fund or General reserve

iv. Deceased partner

v. Gain/Benefit ratio