Post Utme Pan Atlantic University 2025 Accounting Question 37

Practice objective / multiple choice question 37 from the 2025 Post Utme Pan Atlantic University Accounting examination.

Post Utme Pan Atlantic University 2025 Accounting Objective / Multiple Choice
Question 37 POST_UTME_PAN-ATLANTIC_UNIVERSITY • 2025 • ACCOUNTING • objective

A partnership is dissolved when a partner dies. What is the accounting treatment for the deceased partner's share of the profits?

Answer Options

A. The deceased partner's share of the profits is written off as a loss.
Correct Answer B. The deceased partner's share of the profits is distributed to the remaining partners.
C. The deceased partner's share of the profits is retained by the partnership.
D. The deceased partner's share of the profits is distributed to the deceased partner's estate.
Correct Answer
B
Correct Option:
The deceased partner's share of the profits is distributed to the remaining partners.

About This Question

This is Post Utme Pan Atlantic University 2025 Accounting Question 37. It is one of the objective questions from the 2025 Post Utme Pan Atlantic University Accounting examination.

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