Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Sep 08, 2024

According to profit and Loss Account the net profit for the year OMR250.000. The total interest on partner's capitalis OMA 30,000 and interest on Cartner's

According to profit and Loss Account the net profit for the year OMR250.000. The total interest on partner's capitalis OMA 30,000 and interest on Cartner's drawings is OMR 30.000. The net pratit as per Profit and Loss Appropriation Account will be OMR 110.000 (Profit) OMA 200,000(OS) OM 200,000 Polit) OM 200.000 (Profit

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access with AI-Powered Solutions

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

Step: 2

Step: 3

Ace Your Homework with AI

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

Get Started

Students also viewed these Accounting questions

Question

2. Do you think that gender dysphoria should be listed as a form of mental disorder in DSM5? Aside from the inconsistency between Chris gender identity and his assigned sex at birth, he was a well...

Answered: 1 week ago

Question

★★★★★

At the beginning of 2015, the shareholders equity section of the statement of financial position of Ponti Corporation reflected the following: Common shares, no par value, authorized unlimited number...

Answered: 1 week ago

Question

★★★★★

Why do you think RIP uses UDP instead of TCP ?

Answered: 1 week ago

Question

★★★★★

The 3 rd step of the Accounting Cycle is adjusting entries. Why is the adjusting step of the accounting cycle necessary? Give examples of two types of adjusting entries. The 5 th and final step of...

Answered: 1 week ago

Question

★★★★★

Solve the following problems using Mohr's circle. Given: P = 10.5 ksi + P Normal stresses: Ox'= Oy= 8 ksi Draw Mohr's circle and use it to determine the normal and shearing stresses after the element...

Answered: 1 week ago

Question

★★★★★

2. (6 points) Calculate the charge of a 4.0 g sample of Zinc (atomic number 30, atomic mass 65.37 g/mole, density 7.133g/cm) from which one electron out of every 101 electrons has been removed

Answered: 1 week ago

Question

★★★★★

Which two of the following statements are true about acquisition intelligence during the acquisition life cycle? A. Manages thresholds/objectives requirements to meet or exceed expected threat...

Answered: 1 week ago

Question

★★★★★

During the release of an important product, a vice president for a different product line brought a valid concern to the project team, which had to be completed before the release. The vice president...

Answered: 1 week ago

Question

★★★★★

Lars acquired a new network system on June 5, 2022 (five-year class property), for $55,000. She expects taxable income from the business will always be about $145,000 without regard to the 179...

Answered: 1 week ago

Previous Question Next Question