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Capital Mfundo -R125,600 Current account - Mfundo R26,400 On 1 June 2023, the following transactions took place concerning the liquidation: 1. A final settlement
Capital Mfundo -R125,600 Current account - Mfundo R26,400 On 1 June 2023, the following transactions took place concerning the liquidation: 1. A final settlement of R201,600 was received from debtors, with the remaining balance considered a settlement discount. 2. Mfundo agreed to acquire installation equipment with a carrying amount of R52,000 for a cash value of R60,700, which was not paid immediately. 3. The leftover installation equipment was disposed of for a cash sum of R95,000. 4. The company received a settlement discount of R9,000 upon paying off all creditors' accounts. 5. All non-current loans from partners were settled in full. 6. The expenses incurred during the liquidation process totalled R62,300. Question 15 Which one of the following alternatives represents the correct amount that must be allocated to Jackie on as liquidation profit/loss of Efficient Solar Guys (SA) on 1 June 2023? a. (R 50) b. (R 150) c. (R 137,925) d. (R 15,625) e. (R 46,875) f. R 46,575 Question 16 Which one of the following alternatives represents the correct amount that must be allocated to Mfundo on as liquidation profit/loss of Efficient Solar Guys (SA) on 1 June 2023? a. (R 46,875) b. R 15,525 c. (R 50) d. (R 45,975) e. (R 15,625) f. (R 150)
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