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Please choose the correct answer, there are 4 questions in the images Corporate Accounting (1) Home / My courses / Business Studies / Corporate Accounting

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Corporate Accounting (1) Home / My courses / Business Studies / Corporate Accounting (1) / CORPORATE ACCOUNTING 1 - SEMESTER 1 - 2020-2021 / Q Question 5 Not yet answered Partners A and B are sharing profits and losses in the ratio of 3:1. Goodwill is raised at RO. 60,000. Partners agreed to admit Cinto the firm for 1/5th share of future profits with a Capital of RO. 50,000 but she was unable to bring the amount of goodwill. The accounting entry is - Marked out of 1.00 Flag question F a. Dr. A's Capital A/c 9,000 + B's Capital A/c 3,000 - Cr. C's Capital A/c 12,000 b. Dr. C's Capital A/c 12,000 - Cr. A's Capital A/c 9,000 + B's Capital A/c 3,000 c. Dr. C's Capital A/c 12,000 - Cr. A's Capital A/c 3,000 + B's Capital A/c 9,000 d. Dr. A's Capital A/c 3,000 + B's Capital A/c 9,000 - Cr. C's Capital A/c 12,000 Previous page Next page CORPORATE ACCOUNTING 1 e HCT E-Learning Portal Corporate Accounting (1) Home / My courses / Business Studies / Corporate Accounting (1) / CORPORATE ACCOUNTING 1 - SEMESTER 1 - 2020-2021/C Quiz Question 10 Not yet answered 10 Marked out of 1.00 Cis admitted into the partnership with RO. 90,000 as capital and RO. 45,000 as 1/6th share for premium of goodwill. The accounting entry to record this transaction is - a. Dr. Bank A/c 135,000 - Cr. C's Capital A/c 135,000 b. Dr. Bank A/c 90,000 - Cr. C's Capital A/c 90,000 c. Dr. Bank A/c 135,000 - Cr. C's Capital A/c 90,000 + C's Goodwill A/c 45,000 d. Dr. Bank A/c 45,000 - Cr. C's Goodwill A/c 45,000 P Flag Finis question Time Previous page Finish attempt... CORPORATE ACCOUNTING 1 CATI 12 Himn in O D. Long term budget Which of the following is not a function of budgeting? Question 5 Not yet answered Marked out of 1.00 O A. Decision-making O B. Planning O C. Controlling Flag question O D. Motivating Question 6 Not yet The budget that does not change with changes in the level of activity is answered Marked out of 1.00 O A Fixed budget 01:11:47 O B. Cash budget Flag question C. Master budget OD. Flexible budget

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