Q.Give the journal entry to be passed to transfer the amount due to the deceased partner to the executor of the deceased partner.

The amount due to a deceased partner is transferred from his Capital account to his Executor's account by debiting the Capital A/c and crediting the Executor's A/c.

In the Retirement and Death of a Partner topic of the TN HSC Commerce syllabus, when a partner dies, all amounts due to him (capital, share of goodwill, share of reserves, share of profit up to the date of death, interest on capital, etc.) are first collected in his Capital Account. This total no longer belongs to the deceased partner personally but becomes payable to his legal heir or representative, called the executor. To recognise this liability, the balance is transferred as follows: