Question 1 The motive for charging interest on drawings is to: Not yet answered Marked out of 1.00 Flag question None of these To encourage partners from drawing fewer amounts of money from the business To encourage partners from drawing large amounts of money from the business. To prevent partners from drawing large amounts of money from the business. Question 2 Not yet answered A and B are partners sharing profits and losses in the ratio of 1:1. C is admitted into the firm for 1/6th share, then, the sacrifice ratio of partners A and B will be: Marked out of 1.00 Flag question 4:1 5:4 1:1 2:3 Question 3 Not yet answered Mr. Salman contributed capital of OMR 14,000 into his partnership business. If the firm gives 6% interest on capital per year, he earns in a year an interest on capital of Marked out of 1.00 e Flag question OMR 640 OMR 480 OMR 840 OMR 240 Question 5 Not yet As per the Commercial Companies Law of Oman, in the absence of an agreement between the partners, profit and loss are divided by partners in the ratio of: answered Marked out of 1.00 e Flag question None of these Capital Time devoted by each partner. Equally Question 7 Capitalized value of firm - Net assets = > Not yet answered Marked out of 1.00 P Flag question Goodwill Normal profit Super profit Average profit Question 10 Not yet Current accounts of the partners should be opened when: answered Marked out of 1.00 F Flag question Capital is either fixed or fluctuating. Capital is fluctuating Capital is fixed. Capital is not available. o G 40) ING hip ho PU + prt se delete home % 5 6