the basis of the following data, how much final payment will be made to a partner on firm’s dissolution? Credit
balance of capital account of the partner was `50,000. Share of loss on realization amounted to `10,000. Firm’s
liability taken over by him was for `8,000.
a. `32,000
b. `48,000
c. `40,000
d. `52,000
Answers
Answered by
2
Answer:
capital balance = 50000
(-) share in loss. = 10000
=40000
(+) value of liability taken. 8000
final payment balance. 48000
48000 is the right answer
Similar questions