Questor 1 Which among the following are not recorded in the profit and loss appropriation account? Not yet answered Marked out of 1.00 Salary to partners Interest on capital Interest on drawings Salary to the manager Flag question x2 37. Fowing in the Balance Sheet of Mt. Aslam and Mr. who share profits in the ratio of 2 Balance Sheet of Mr. Adam and Mc. Bil as on April 1, 2020 Vaduto 100 ago Lists Amount (OMR) Assets Amount OMR Sundry Credits 32950 Chand SO Capital 35.000 Huding 25.000 hub, Asam 15.000 M 10.000 BROCK 10.000 Pet & Machine 17.500 Sundry detton 350 57.950 57.950 They agree to tam the parts for wings Mt.com was to bring KOMA 7,500 as his capta OUR 3.000 cows for en store in them viues of the Stock and Piant and trachey were to be relied by S8 Provision for Decor Debts was to be crentes actes de Deser OMR 375 tulding Account was to be appreciated by 10% 1. Poss the jouma entry to record the plant and machinery Beauton account De Pant Machinery CONR875. Revlon NOR 875 De Revation OMROPORTS Or Pant Machinery A OUR 875 MEOR 15 None of choices 2 37. Following in the Balance Sheet of Mr. Aslam and Mr. Blat who share profits in the ratio of 32. Net Balance Sheet of Mr. Aslam and Mr. Bilal as on April 1, 2020 200 Liabilities Amount (OMRO Assets Amount (OMR) Sundry creditors 32,950 Cashin hand 00 capitais 25.000 building 25,000 MC Asta 15.000 Metal 50 000 Stock 10,000 Plant & Machinery 12.500 Sundry setores 4,850 57.950 57.950 They agree to admit M. Kama to the partnership on the flowing terms Mam was to bring I OMR 7500 Catand OMR 3.000 for 146 share in the fim. I. Vanues of the Stock and Piant and Machinery were to be reduced by A Provision for Doubtful Debts was to be created in respect of Sundry Debtor OMR 375 TV Bulding Account was to be apprecated by to 1. Pas the ouma entry to record the plant and machinery in Revatention account None of the Used choice Or Revolution EOMR Provenfor douloopt A 375 Dr Provision for outlet OR 15 CH Ronat OMR35 De Provision for doubtfutte ONR 375 Revolution at OMR375 3 Pass the menty The provision for outlet in Revation account 00 Rag to Liabilities Amount (OMR) Assets Amount (OMR) Sundry, creditors 32950 Gashin hand 1800 Capitas 25.000 Bulding 5.000 Mr. Aslan 115,000 Mr. 10. DOO Stock 110,000 pant & Machinery 17,500 Sundry debiton 2850 57,950 57 950 They agree to admit M. Kamal into the partnership on the following terms: Mr. Kamal was to bring I OMR 7.500 asis.capita and OMR 3.000 as goodwill for 1/4 share in the firm. values of the Stock and Piant and Machinery were to be reduced by HL. A Prousion for Doubtful Debts was to be created in respect of Sundry Debtor OMR 375. IV. Building Account was to be apprecated by a. Pass the joumal entry to record the plant and machinery in Revatio account Pass the journal entry record the provision for doubtlu debts in Revaliation account Credit balance of OMR 750 Credit balance of OMR 2500 None of the isted choices Deot balance of OMR 750 c. The balance of revaluation account will be . Con 3 Matt wered What is the journal Entry to record Profit on evaluation account Med out of 500 Dr. Revaluation account C. Old partners capital account (Sacrificing ratio) Dr. Revaluation account Cr. Old partners capital account (Old profit-sharing ratio) Dr. Old partners capital account Cr. Revaluation account (Old profit sharing ratio) None of the listed choices Tag gestion
