alleryStart learning →Realisation gain is 15,000 and A, B share 3:2. How much goes to A?
- 6,000
- 7,500
- 9,000
- 10,000
Show answer and solution
Correct answer: C. 9,000
The gain follows the profit ratio, so A gets three-fifths of 15,000, which is 9,000.
CA Foundation Dissolution of a Firm — practice questions — page 2
Explore 44 free Dissolution of a Firm questions in CA Foundation Accounting. Open each question or exercise to read its content, reference answers and available explanation.
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Showing questions 31–44 of 44.
Realisation gain is 15,000 and A, B share 3:2. How much goes to A?Read the answer and worked solution →A, B, C share 3:2:1. A deficiency of 9,000 remains after capital. What must B bring in?Read the answer and worked solution →Surplus of 12,000 remains after capital is repaid. P, Q, R share 1:1:2. What does R get?Read the answer and worked solution →Only 50,000 is left after outsiders. D lent 30,000 and has capital 40,000. What capital does D get?Read the answer and worked solution →A partner has separate property 50,000 and separate debts 30,000. What can reach firm debts?Read the answer and worked solution →Assets of book value 1,20,000 sell for 1,05,000. A, B, C share equally. Each bears what loss?Read the answer and worked solution →Capitals are A 50,000, B 30,000, sharing equally. After a loss of 20,000, what is A's capital?Read the answer and worked solution →Cash from sale is 90,000 and outside liabilities are 30,000. How much reaches partners?Read the answer and worked solution →A loss of 30,000 arises and the firm has a profit reserve of 10,000. How much falls on capital?Read the answer and worked solution →What does an event making the firm's business unlawful do to the firm?Read the answer and worked solution →A firm runs several adventures and one becomes illegal. What of the lawful ones?Read the answer and worked solution →Subject to contract, the adjudication of one partner as insolvent does what?Read the answer and worked solution →Until winding up is complete, a partner may restrain use of what for personal gain?Read the answer and worked solution →A partner rescinds a partnership for fraud. What does he hold over the surplus assets?Read the answer and worked solution →
Worked practice questions
A, B, C share 3:2:1. A deficiency of 9,000 remains after capital. What must B bring in?
- 1,500
- 3,000
- 4,500
- 9,000
Show answer and solution
Correct answer: B. 3,000
B bears two-sixths of 9,000, which is 3,000, in the profit ratio.
Surplus of 12,000 remains after capital is repaid. P, Q, R share 1:1:2. What does R get?
- 3,000
- 4,000
- 6,000
- 8,000
Show answer and solution
Correct answer: C. 6,000
R holds two of four shares, so gets 6,000 of the 12,000 residue.
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