CAPE Accounting Unit 1 · 2016 · Paper 2 · Question 2(b)(ii)
Explain the difference between a judicial and a non-judicial dissolution of partnership.
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Practise this questionOther parts of this question
- 2(a)(i)Prepare a partnership Statement of Comprehensive Income for the year ended 31 December 2015 including as much detail as possible.[8 marks]
- 2(a)(ii)Prepare a partnership Statement of Changes in Owners' Equity for the year ended 31 December 2015.[5 marks]
- 2(b)(i)List THREE possible reasons why a business partnership may be dissolved.[3 marks]
- 2(b)(iii)Identify THREE steps required to dissolve a partnership.[3 marks]
- 2(b)(iv)Identify FOUR benefits of operating as a co-operative.[4 marks]
- 2(b)(v)State TWO advantages and ONE disadvantage of a sole proprietorship.[3 marks]
- 2(c)(i)Calculate how many shares will be issued if all the rights are taken up. (Show all working.)[2 marks]
- 2(c)(ii)Prepare the journal entry (without narrative) to record the rights issue transaction.[3 marks]
More practice: the rest of this paper · more Changes in Ownership and Capital Structure questions · all CAPE Accounting Unit 1 past papers