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Mr. Suner, Mr. Rehman and Mr. Mouthosam are partners, who share profit in the ratio of 2:2:1. Following is the balance sheet as on March
Mr. Suner, Mr. Rehman and Mr. Mouthosam are partners, who share profit in the ratio of 2:2:1. Following is the balance sheet as on March 31, 2020. Balance Sheet of Mr. Suneer, Mr. Rehman and Mr. Mouthosam as on March 31, 2020 Liabilities Amount Assets Amount (OMR) (OMR) Mr. Suneer's capital 5,000 Cash and Bank 2,500 2,000 Stock 2,500 Mr. Rehman's Capital 1,000 Furniture 1,000 Mr. Mouthosam's capital 2.500 Debtors 2,000 Reserve fund 2,000 4,500 Plant and Creditors machinery 12,500 12,500 They decided to dissolve the business. The following amounts were realized. There was an unrecorded asset of Rs. 350, which was taken over by Mr. Rehman at Rs.150. How much amount of unrecorded assets are recorded in the realization account? BAM FNE 9 8
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