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3)Hello brother, please help me . Answer all the questions. I do not have many chance. I will not forget your favor. Please write the

3)Hello brother, please help me. Answer all the questions. I do not have many chance. I will not forget your favor. Please write the question number and answer code.

corporate Accounting 1

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Question 11 Not yet answered Marked out of 1 P Flag question P, Q & Rare partners of a partnership firm sharing profits in the ratio of 3:2:1. R retired from the firm on following terms. Machinery of OMR 60,000 to be depreciated by 10%. Building to be appreciated by OMR 5,000, Provision for doubtful debts to be made at 6% on sundry debtors, which amounted to OMR 40,000 and OMR 200 to, provided for an electricity bill. Compute revaluation profit or loss. a. Revaluation loss: A: 1800; B: 1200; C: 600 o b. Revaluation Profit: A: 1800; B: 1200; C: 600 OC. Revaluation loss: A: 2150; B: 1440 d. Revaluation profit: A: 2160; B: 1440 Question 12 Not yet answered Marked out of 1 P Flag question X, Y and Z were partners sharing profits in the ratio of 2;2:1. Y died on 30th June, 2020 and profit for the accounting year ended 31st March, 2020 was OMR 36,000. If profit share of deceased partner is to be calculated on the basis of previous year's profit, amount of profit credited to Y's capital account will be: a. OMR 3,600 ob. OMR 2,400 OC. OMR 2,800 O d. OMR 3,000 Question 13 Not yet answered Marked out of 1 P Flag question When assets are realized at more than their book value. a. Loss arises b. Profit arises C. None of these options O d. Both Question 14 Not yet answered Marked out of 1 P Flag question If the amount due to the outgoing partner is transferred to loan account then he is entitled to an interest of how much percentage until it is paid out? a. 0% O b. 5% O c. 6% O d. 9% Question 15 Not yet answered Marked out of 1 Flag question In the event of dissolution of a partnership firm, the provision for doubtful debts is transferred to: O a. Partner's capital account O b. Sundry debtors account O c. None of these O d. Realisation account

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