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ix The value of stock as per trial balance is RO. 50,000, at the time of revaluation it decreases to RO. 40,000.What amount you need

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ix The value of stock as per trial balance is RO. 50,000, at the time of revaluation it decreases to RO. 40,000.What amount you need to show in debit side of the revaluation account in the above situation. a. None of the other options O b.RO. 60,000 O C. RO. 10,000 d. RO. 50,000 Khalid and Brothers a partnership firm based in Ibri, earns RO. 90,000 as its average profits in the last year. The usual rate of earning is 15%. The total assets of the firm amounted to RO. 680,000 and liabilities are RO. 480,000. You are required to choose the value of net assets as per capitalization of average profit method. O a. RO 400,000 O b. RO 200,000 O c. RO 600,000 O d. None of the other options

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