Question

_{in which section of a formal passing of accounts accounting should the following be included}

_{entry item:}

_{1. dividends declared but not paid}

_{2. interest earned in the estate bank account after the date of death}

3. $7000 spent making repairs to the roof of the deceased home, which is being held in trust for minors.

4. the deceased's principal residence held in his name alone.

5. the proceeds of sale from the deceased's car.

6. funeral expanses

Answer 1

		Account Effected
	Particulars	Debit	Credit
1	Dividend declared but not paid	Retained earnings	Dividend Payable
2	interest earned in the estate bank account after the date of death	Deceased Bank A/c	Deceased Interest A/c
3	$7000 spent making repairs to the roof of the deceased home, which is being held in trust for minors.	Repairs A/c	Deceased Bank A/c	7000
4	the deceased's principal residence held in his name alone.	No Entry	No Entry
5	the proceeds of sale from the deceased's car.	Deceased Bank A/c	Deceased Car A/c
6	funeral expanses	Funeral Expenses	Cash