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Thabit, Salem and Muhanna are partners sharing profit and loss in the ratio of 121. On March 11, 2000, the arts sheet of the firm

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Thabit, Salem and Muhanna are partners sharing profit and loss in the ratio of 121. On March 11, 2000, the arts sheet of the firm was as follows: Assets Amount Liabilities & Equity Amount Bank 30,000 65.000 kreditors Debtors 115,000 40,000 Profit and Loss Account Stock 10,000 Capital 550.000 Muhanna 200,000 Building Salem 120,000 Machinery 30,000 Thable 103000 420.000 455.000 Total 465.000 Total Thabit retired on April 2020 on the following terms 1. Building to be appreciated by OMR 25,000 2. Provision for doubt dents to be made at 6 of Bebtors 3. Goodwill of the finis valued at OMOD 4. OMR39,000 to be paid to Thaimmerlately and the balance transferred to an account Answer the following questions SEM Thabit, Salem and Muhanna are partners sharing profit and loss in the ratio of 121. On March 11, 2000, the arts sheet of the firm was as follows: Assets Amount Liabilities & Equity Amount Bank 30,000 65.000 kreditors Debtors 115,000 40,000 Profit and Loss Account Stock 10,000 Capital 550.000 Muhanna 200,000 Building Salem 120,000 Machinery 30,000 Thable 103000 420.000 455.000 Total 465.000 Total Thabit retired on April 2020 on the following terms 1. Building to be appreciated by OMR 25,000 2. Provision for doubt dents to be made at 6 of Bebtors 3. Goodwill of the finis valued at OMOD 4. OMR39,000 to be paid to Thaimmerlately and the balance transferred to an account Answer the following questions SEM

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