what is P L suspense a/c??...why do we show it in d asset side of new constituted B/S ..i.e after d death...... ??

Profit and Loss Suspense A/c: Profit and Loss Suspense A/c is maintained when Profit before ascertainment of profit is to be paid. Therefore, to give the profit/loss on a random basis or temporarily, Profit and Loss Suspense A/c is prepared. It is a fictitious asset of the company.
It is not necessary that a partner may die at year end. Therefore, whenever he/she dies, his executor becomes entitled for the deceased partner’s share in the firm. To provide for share due in profit/loss to the executor (from the date of last Balance Sheet’s Profit till the date of death of partner), the share of profit is calculated and transferred to the Executor’s Account through Profit and Loss Suspense A/c
It is the reduction from Net Profit of the year. Therefore, it is shown on the Asset Side of the Reconstituted Firm’s Balance Sheet.

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it is a ficticious asset. it is the amount credited to the desceased partner as the share of profit for working for the period he was alive.

it has a debit balance so is shown on the asset side of the balance sheet

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