A-LevelAccountingPreparation of financial statements9706/12 · Feb/Mar 2018 · 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
B: 80 000 90 000
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