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Question 4 Not yet Amal and Aman are partners of a firm sharing profit and loss in the ratio of 4:3. Their Balance Sheet shows RO 14,000 as Profit and toss A/c in the liabilities side. Pass the necessary journal entry in the books of accounts? answered Marked out of 1.00 Flag question a. Amal Capital A/C 8,000 Aman Capital A/c 6,000 To Profit and Loss A/c 14,000 ob Amal Capital A/c 8,000 Aman Capital A/c 6,000 To Profit and Loss Appropriation A/c 14,000 c. None of the options d. Profit and Loss A/c 14,000 TO Amal Capital A/c 8,000 Aman Capital A/C 6.000 Previous page Next nece Mr Ahmed is a student of UTAS-Ibri. He invests capital in XYZ partnership firm and takes limited liability? What do you call Mr Ahmed as? a. Limited Partner on b. None of the options C General Partner d. Profit Partner Identify from the following, which is/are the time when the partnership constitution/s end and change? a. Retirement of a partner Only b. None of the options c. Admission of a New Partner Only d. Admission of a New Partner and Retirement of a Partner ge Mawla