A-LevelAccountingPartnership AccountsFeb/Mar 2018Paper 1 Q121 Mark
The partnership of Ravi and Tania, who shared profits equally, was dissolved. The capital accounts prior to dissolution were Ravi $50000 and Tania $60000. The current accounts balances prior to dissolution were Ravi $35000 credit and Tania $35000 credit. The loss on disposal of partnership net assets was $10000. How much money did each partner receive when the partnership was dissolved?
A45 000 55000
B80 000 90 000
C85 000 95 000
D90 000 100 000
✓ Correct Answer
The correct answer is B. This question tests the candidate's understanding of partnership accounts within the Accountingsyllabus. The examiner's mark scheme requires...
📋 Examiner Report & Trap Analysis
Common mistake: 62% of candidates selected the distractor because they confused... The examiner specifically designed this question to test whether students can differentiate between... To secure full marks, candidates must demonstrate...
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