Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

46,47,31 Question 46 Not yet answered Marked out of 1.00 p Flag question Two partner's Mohammed and Nasser engaged in partnership firm decide to dissolve

46,47,31 image text in transcribed
image text in transcribed
Question 46 Not yet answered Marked out of 1.00 p Flag question Two partner's Mohammed and Nasser engaged in partnership firm decide to dissolve the firm. It was found that Debtors realized 75% only. If the actual Debtors value amounted to OMR 80,000, calculate the amount for debtors realized. O a OMR 60.000 O b. OMR 140.000 O G. OMR 80.000 O d. OMR 20.000 Not yet answered Marked out of 1.00 Question 47 p Flag question X Y and Z are partners sharing profit and losses in the ratio 4:2:2. Z died on 15th of March 2020. Sales from 1st of January,2020 to 15th of March 2020 was OMR 120.000. Calculate Z's share of profit on the basis of turnover when the previous year rate of profit is 2092 O a OMR 96.000 b. OMR 24,000 O COMR 6.000 O d. OMR 12.000 Question 31 Not yet answered Marked out of 1.00 P Flag question Aqsa. Faisal and Sameera are partners sharing profits and losses in the ratio of 1:1 respectively. Aqsa retires from the firm on 31st June 2020. The balance sheet of the firm shows Bullding at OMR 158,000. On the date of retirement the building was valued at OMR 195,000. What amount be shown for Building in the revaluation account and on which sidez O a OMR 37,000 on Credit side Ob. OMR 37.000 on both sides COMR 37.000 on Debit side d. Will not appear in revaluation account e

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Fundamental Financial Accounting Concepts

Authors: J.K.

7th Edition

B003NPRW7I

More Books

Students also viewed these Accounting questions