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Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA LW Exams › Partners

  • This topic has 1 reply, 2 voices, and was last updated 10 years ago by MikeLittle.
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    Posts
  • May 13, 2015 at 2:35 pm #245736
    anniebabe
    Participant
    • Topics: 33
    • Replies: 102
    • ☆☆

    I have started revising for my exam (11 June) and I am just reading an article in PQ Magazine that I saved from January called “are you ready for F4?” page 18 and 19

    I have been working through the questions in the article, but do not understand Q5, was wondering if someone could explain.

    it says:-

    Wang has sued Xia, a partner in an ordinary partnership, for a debt of £1000 in respect of goods supplied to the firm by Wang.
    It has transpired that Xia cannot satisfy the whole judgement debt but he has managed to pay Wang £800
    Wang now wishes to sue the other 10 partners.

    How much can she sue each of them for?
    A £20
    B £100
    C £200
    D £1000
    E Nothing since her action against Xia means that she now cannot sue another partner

    I put £200, but the answer says it is D £1000

    Confused, if Xia has already paid £800, why is the answer £1000?, am I reading the question wrong?

    Any help much appreciated.

    May 13, 2015 at 6:49 pm #245768
    MikeLittle
    Keymaster
    • Topics: 27
    • Replies: 23327
    • ☆☆☆☆☆

    That’s got me confused too. Sorry but I would have said 200 too

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