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58% 4G OMANTEL II. 12:44 elearning.ibrict.edu.om III Marked out of 1.00 Flag question Mazin and Mohammed are partners commenced Furniture business on 1st Jan 2020.

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58% 4G OMANTEL II. 12:44 elearning.ibrict.edu.om III Marked out of 1.00 Flag question Mazin and Mohammed are partners commenced Furniture business on 1st Jan 2020. Mazin and Mohammed contributed RO 40,000 and RO 30,000 as their share of capital. Mazin is entitled for RO 10000 pa as salary. The profits of the firm after providing Mazin salary and interest on capital were RO 21,000. Identify from the following what is the journal entry passed in partner's capital account when Mazin Salary is paid? a. Mazin Salary A/c 10,000 To Mazin Partner's Capital Account 10,000 ob. None of the options c. Mazin Partner's Capital Account 10,000 To Profit and Loss Appropriation A/c 10,000 O d. Mazin Partner's Capital Account 10,000 To Mazin Salary A/c 10,000

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