Death of Partner is similar to retirement but involves legal/estate considerations. Key Differences: Death is involuntary; partner's heirs inherit their interest, Estate administration may delay settlement, Partnership agreement may specify treatment. Calculation of Amount Due: Similar to retirement; determined as of date of death. Components: Partner's Capital, Share of Profits (up to date of death), Interest on Capital (to date of death), Share of Goodwill, Less: Drawings (to date of death), Interest on Drawings (to date of death). Goodwill Treatment: Goodwill credited to deceased partner's capital account (in their name initially), Later transferred to continuing partners' capital in new ratio. Revaluation of Assets: Revaluation Account shows asset adjustments as of date of death, Gains/losses credited/debited to partners' capital accounts in old ratio. Final Settlement: Amount due to deceased partner's heirs calculated and settled, May be paid in installments if specified in deed, Heirs may continue interest in capital or withdraw completely. Balance Sheet Treatment: Deceased partner's capital account shows amount due to heirs, May be classified as liability if not yet settled, Interest on amount due (if any) continues until settled. Continuing Partners' New Ratio: Profit-sharing ratio adjusted among surviving partners. Exam tip: Understand the mechanics of death settlement; practice determining amount due; handle goodwill and revaluation correctly; know estate administration implications.