Question 35 Not yet If a partner is solvent: 4 answered Marked out of 1.00 He cannot contribute cash from his private sources None of the listed choices He can contribute assets from his private sources He can contribute cash from his private sources P Flag question Question 34 Not yet answered Identify the correct statement? Sacrificing ratio is the ratio in which the deceased partners have agreed to sacrifice their shares in profit in favor of a new partner Sacrificing ratio is the ratio in which the retiring partners have agreed to sacrifice their shares in profit in favor of a new partner Sacrificing ratio is the ratio in which the new partner has agreed to sacrifice their shares in profit in favor of a new partner Sacrificing ratio is the ratio in which the old partners have agreed to sacrifice their shares in profit in favor of a new partner Question 33 Not yet answered Marked out of 1.00 When an insolvent partner has a capital deficiency, the capital deficiency will be absorbed by: P Flag question None of the listed choices The insolvent partner himself The remaining solvent partners. The solvent and insolvent partners together Question 32 Not yet answered Marked out of 1.00 Mr. Muneer and Mr. Rasaq are partners in a firm sharing profits in the ratio of 3:2. They admit Mr. Rehman as a new partner. The new profit-sharing ratio between Mr. Muneer Mr. Rasaq and Mr. Rehman will be 5:3 2. Mr. Rehman brought in OMR 25,000 for his share of premium for goodwill. Flag question How much amount of goodwill will be transferred to partners capital account? None of the losted choices Mr. Muneer's capital account OMR 12,500 Mr. Rasaq's capital account OMR 12,500 Mr. Muneer's capital account OMR 12,500 Mr. Rehman's capital account OMR 12,500 Goodwill account OMR 12,500 Mr. Rasaq's capital account OMR 12,500 23 Question 31 Not yet In realization of assets, a loss on realization is recognized: answered Marked out of 1.00 P Flag question when the proceeds received is less than the book value of the assets sold. None of the listed choices when the proceeds received is equal to the book value of the assets sold. when the proceeds received is more than the book value of the assets sold