Answered step by step
Verified Expert Solution
Question
1 Approved Answer
I want a quick solution, please Question 2 Not yet answered Marked out of 1.00 P Flag question You are given the following data: Profit
I want a quick solution, please
Question 2 Not yet answered Marked out of 1.00 P Flag question You are given the following data: Profit for the previous year: OMR 60000 Sales for the previous year:OMR 120000 Sales till the time of death of partner Mr. A from the close of the previous year: 12000 Profit sharing ratio of partners A, B and C: 3:2:1 Then the profit of the firm till the time of death of Mr. A from the close of the previous year on turnover basis is! . 2 OMR 4000 OMR 12000 OMR 3000 OMR 6000 Question 3 Not yet answered Marked out of 1.00 P Flag question At the time of dissolution of firm, land and building account can be closed by recording which of the following journal entry? Question 4 c. Dr. Cash account Cr. Land and building a b. Dr.Land and building account Cr. Re.. d. Dr. Land and building account Cr. Cash... Dr. Realisation account Cr. Land and buildi... Question 4 Not yet answered Marked out of 1.00 P Flag question Realization profit is transferred to which of the following account? Question 5 R. d. Goodwill account a. Partner's capital account c. Revaluation account b. Cash account Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored 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