Q.On the death of a partner, the deceased partner's estimated share of profit for the period up to the date of death is recorded by debiting which account?

The deceased partner's profit share for the part of the year they were alive is an estimate that cannot yet be verified against the firm's actual annual result, so it is temporarily parked in a dedicated holding account until that actual result becomes known.

Why option (b) is correct. At the date of a partner's death, the firm's actual profit for the full accounting year is not yet known — it can only be estimated for the part-period on the time basis or turnover basis (Section 5). This estimated amount is debited to a Profit & Loss Suspense Account and credited to the deceased partner's Capital Account; the Suspense Account is a temporary, holding entry that is closed off later against the firm's actual profit for the full year, once that is known.

Why the other options are wrong.

• (a) Revaluation Account — this records the profit or loss on revaluing assets and liabilities to their current worth, an entirely separate adjustment from estimating profit for the current accounting period.
• (c) Executor's Account — this records the TOTAL final amount due to the deceased partner's estate (after all adjustments, including the profit-to-date-of-death figure), not the profit-share estimate itself.
• (d) General Reserve Account — this holds accumulated profits from PAST years already set aside by the firm; it has nothing to do with estimating the CURRENT year's profit up to the date of death.

A common confusion is crediting the deceased partner's share of profit up to death directly to the Executor's Account instead of routing it first through the Capital Account (via the Profit & Loss Suspense Account) — the Executor's Account is only opened later, once the Capital Account's final balance (which already includes this profit share) is transferred to it.