Calculation of the Total Amount Due to the Representatives of the Deceased Partners : On the Death of a Partner, Accounts in the Books of the Firm are Maintained in the Same Way as on the Retirement of a Partner. Thus the Legal Representatives of the Deceased Partner are Entitled to Claim the following Amounts, which are Credited to His Capital Account. 

(i) The Amount Standing to the Credit of His Capital Account. 

(ii) His Share of the Increase in the Value of Goodwill of the Firm. 

(iii) Interest on Capital, if Provided in the Partnership Deed. 

(iv) His Share of Profit on the Revaluation of Assets and Liabilities. 

(v) His Share of the Undistributed Profits or Reserves. 

(vi) His Share of Profit up to the Date of His Death.

The following Amounts will be Debited to the Account of the Deceased Partner for Ascertaining the Amount Due to His Legal Representatives. 

(i) Drawings and Interest on Drawings. 

(ii) His Share of Loss on the Revaluation of Assets and Liabilities. 

(iii) His Share of Undistributed Loss, Such as Debit Balance of Profit and Loss Account. 

(iv) His Share of the Reduction in the Value of Goodwill .