Expert in study
alarm
Ask
Accountancy
Wrathfire Wrathfire Jan 13, 2021

The basis of the following data, How to find out how muchfinal payment will be made to a partner on firm’s dissolution? Creditbalance 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. `32,000b. `48,000c. `40,000d. `52,000​

answers: 1
Register to add an answer
The time for answering the question is over
Answer:

capital balance = 50000

(-) share in loss. = 10000

=40000

(+) value of liability taken. 8000

final payment balance. 48000

48000 is the right answer

198
Bonnie Webster Bonnie Webster
Jan 13, 2021
For answers need to register.
Contacts
mail@expertinstudy.com
Feedback
Expert in study
About us
For new users
For new experts
Terms and Conditions