.. OMANTEL 3:35 PM 88% 512 Q15:P,Q and Rare partners sharing profits and losses in the ratio of 43:2. Pretire and decided to share profits and losses in the ratio of 53. Then again? a 2012 d. 7/13 C 12/18 216 Chaissolution of fim partner's capital accounts are dosed through d. Goodwill count a Baal account b. Bank account c. Drawings account Q17: In which of the following situations evaluation profit increases? b. When liability increases When unrecorded ability recorded d. When asset value increases a. When set value decreases 029, Which of the following statement is true to dissolution of partnership? b. Firm does not water dissolution of partnership All books of accounts are closed Firm exists even though there a dissolution of partnership d. Only capital accounts are closed 20. Which of the following statement is true to evaluation account? d. It is shown in the profit and loss appropriation account c. It is shown in the capital accounts and partners b. It is shown in the ability side of wance sheet at is shown in the assets side of balance sheet 022 in which of the following situations evaluation profit decreases! . When recorded asset is recorded d. When un recorded When liability decreases When asset value increases 023 Which of the following statement is valid in relation to partnership? b. Partnership ends when there is retirement of a partner c. Partnership ends when there is death of a partner d. All of the listed choices a. Partnership ends when there is admission of a partner Which of the following amount is credited to the account of deceased partner's capital account a Drawings Share of loss on revolution b. Interest on drawings d.Interest on capital Q25-When the retiring partner's credit balance in the calccount is not immediately paid off which of the following journal entry is recorded? c. Dr. All partner's capital ale Cr.Bank a/c b. Dr. Reting partner's capitalaRetiring partner's lanak a. Dr. Retiring partner's capital al C. Bank a/c d. Dr. All partner's capital a/c Cr, Retiring parter's lonac 027. Undistributed profit or loss is transferred to partner's capital account in which of the following ratio? b. Sacrifice ratio a. Old ratio a. Gaining ratio New ratio