Question

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
​

Answer 1

${\huge{\orange{\underbrace{\overbrace{\mathcal{\pink{ANSWER \: :}}}}}}}$

b.) 48,000

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