A, B and C were partners in a firm sharing profits and losses in the ratio of 2 : 2 : 1. On 25th February 2019, B died, B’s share of profit till the date of his death was calculated at ₹ 5,000. Pass the necessary Journal entry for the same in the books of the firm.

[Ans.: Dr. Profit and Loss Suspsense A/c and Cr. B’s Capital A/c by ₹ 5,000.]

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