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Information Flag question Case 2 X Y and Z were the partners in a partnership firm. The following information were relating to the business at the end of the year 2019: Capital balance of partners X, Y, Z as on 1st January, 2019 was RO 120000, RO 80000 and RO 60000 respectively. Current account balance of partners as on 14 January, 2019. X: RO 45500 (Cr), Y: RO 32600 (DE) Z RO 22100 (CH) it. Drawings taken by the partners during the year was: X: RO 8800 Y: RO 7500 Z: RO 5400 iv. V. vil Interest on drawings was @ 7% and interest on capital was RO 5% Partner X entitled to a salary of RO 3200 per year and Partner Y entitled to a salary of RO 150 per month vi. Partner has earned a commission of RO 3800 Partner Z has paid an additional capital of RO 7000 and partner X has withdrawn the capital of RO 24000 viii. There was a profit of RO 45000 which was transferred from profit and loss appropriation account and partners X, Y, Z sh shared that profit in the ratio of 3:4:3 respectively. Question: Prepare partners' capital accounts and the partners' current account. Based on the above information answer the following *3' questions. (Do not upload any documents in the moodle) Question 32 Not yet answered The total salary of partners as per the partners'current account will be O a. RO 6000 O b. RO 5000 Marked out of 1.00 Flag question OC RO 4000 O d. RO 3800 vi. vii. Partner has earned a commission of RO 3800 Partner Z has paid an additional capital of RO 7000 and partner X has withdrawn the capital of RO 24000 vii. There was a profit of RO 45000 which was transferred from profit and loss appropriation account and partners X, Y, Z shared that profit in the ratio of 3:4:3 respectively. Question: Prepare partners' capital accounts and the partners' current account. Based on the above information answer the following '3' questions. (Do not upload any documents in the moodle) The total salary of partners as per the partners'current account will be: Question 32 Not yet answered Marked out of 1.00 a. RO 6000 b. RO 5000 O C. RO 4000 d. RO 3800 Flag question Question 33 Not yet answered Marked out of 1.00 The additional capital paid by a partner to the business of partnership will be O a. Credited to profit and loss account O b. Debited to partners' capital account oc. Debited to profit and loss appropriation account d. Credited to partners' capital account P Flag question Question 34 Not yet answered Marked out of 1.00 The closing balances of partners' current account will be: oa X RO 58748 (Dr), Y RO 16852 (Cr), Z RO 36620 (Dr) Ob. X RO 58984 (Dr), Y RO 16925 (Dr), Z RO 36626 (Dr) OC. X RO 59784 (Dr), Y RO 17825 (Cr), Z RO 37622 (Dr) Od X RO 58784 (Dr), Y RO 16825 (Cr), Z RO 36622 (Dr) Flag question Information Flag question Case 2 X Y and Z were the partners in a partnership firm. The following information were relating to the business at the end of the year 2019: Capital balance of partners X, Y, Z as on 1st January, 2019 was RO 120000, RO 80000 and RO 60000 respectively. Current account balance of partners as on 14 January, 2019. X: RO 45500 (Cr), Y: RO 32600 (DE) Z RO 22100 (CH) it. Drawings taken by the partners during the year was: X: RO 8800 Y: RO 7500 Z: RO 5400 iv. V. vil Interest on drawings was @ 7% and interest on capital was RO 5% Partner X entitled to a salary of RO 3200 per year and Partner Y entitled to a salary of RO 150 per month vi. Partner has earned a commission of RO 3800 Partner Z has paid an additional capital of RO 7000 and partner X has withdrawn the capital of RO 24000 viii. There was a profit of RO 45000 which was transferred from profit and loss appropriation account and partners X, Y, Z sh shared that profit in the ratio of 3:4:3 respectively. Question: Prepare partners' capital accounts and the partners' current account. Based on the above information answer the following *3' questions. (Do not upload any documents in the moodle) Question 32 Not yet answered The total salary of partners as per the partners'current account will be O a. RO 6000 O b. RO 5000 Marked out of 1.00 Flag question OC RO 4000 O d. RO 3800 vi. vii. Partner has earned a commission of RO 3800 Partner Z has paid an additional capital of RO 7000 and partner X has withdrawn the capital of RO 24000 vii. There was a profit of RO 45000 which was transferred from profit and loss appropriation account and partners X, Y, Z shared that profit in the ratio of 3:4:3 respectively. Question: Prepare partners' capital accounts and the partners' current account. Based on the above information answer the following '3' questions. (Do not upload any documents in the moodle) The total salary of partners as per the partners'current account will be: Question 32 Not yet answered Marked out of 1.00 a. RO 6000 b. RO 5000 O C. RO 4000 d. RO 3800 Flag question Question 33 Not yet answered Marked out of 1.00 The additional capital paid by a partner to the business of partnership will be O a. Credited to profit and loss account O b. Debited to partners' capital account oc. Debited to profit and loss appropriation account d. Credited to partners' capital account P Flag question Question 34 Not yet answered Marked out of 1.00 The closing balances of partners' current account will be: oa X RO 58748 (Dr), Y RO 16852 (Cr), Z RO 36620 (Dr) Ob. X RO 58984 (Dr), Y RO 16925 (Dr), Z RO 36626 (Dr) OC. X RO 59784 (Dr), Y RO 17825 (Cr), Z RO 37622 (Dr) Od X RO 58784 (Dr), Y RO 16825 (Cr), Z RO 36622 (Dr) Flag