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Level 1
Basic Concepts
Meaning of dissolution, Realisation Account structure, settlement order, basic entries
25 Questions15 per attempt
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⚖️
Level 2
Intermediate
Realisation account numericals, partners taken over assets/liabilities, discount on creditors
25 Questions15 per attempt
Score 80% in Level 1 to unlock
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Level 3
Advanced
Garner vs Murray, piecemeal distribution, insolvency, all-partners insolvent, complex scenarios
25 Questions15 per attempt
Score 80% in Level 2 to unlock