Question

Q20. on the basis of the following data how much final payment will be made to a partner on a firm
dissolution? The credit balance of the capital account of the partner was Rs. 50,000. share of loss on
realisation amounted to Rs. 10000. Firm liability taken over by him was for Rs. 8,000.
(a) 32,000
(b) 48,000
(c) 40,000
(d)52,000​

Answer 1

Explanation:

partner capital account + liability taken over - loss on revaluation A/c

50000+8000-10000 = 48,000

Answer 2

Answer:

(b) Rs 48,000.

I hope this answers will be helpful to you