What is the journal entry to record the cash contributed by the solvent partner? Question 4 Not yet ansered Marked out of 1.00 Flag question None of the listed choices De Cash account Cr Other Expenses account Dr. Cash account Cr. Solvent partners capital account Dr. Solvent partners capital account Cr. Cash account Question 5 In a partnership liquidation, a gain from sale of asset is allocated to the Not yet answered 20 Marked out of 1.00 Flag question Payment of partnership liabilities Partner with the lowest capital balance Partners based on their capital balances Partners based on their profit and loss ratio Question 6 Not yet answered Marked out of 100 Mr. Islam, Mr. Omar and Mr. Atif are partners in a firm sharing profits in the ratio of 1: 2: 1 respectively. The firm was dissolved on 1st March, 2020. After transferring assets (other than cash and third party liabilities to the realization Account There was an unrecorded bike of OMR 150,000 which was taken over by Mristam What is the the correct Journal entry r Flag question Dr. Realization account OMR 150,000 Cr. Cash account OMR 150,000 Dr. Realization accont OMR 150,000 r. M Islam's capital account OMR 150,000 Dr. Mr. Islam's capital account OMR 150,000 C. Realization account OMR 150,000 None of the listed choices Question 8 Not yet answered Marked out of 1.00 42. Identity the correct statement regarding the dissolution of the time Statement 1- Assets and liabilities are revalued and a new balance sheet is drawn. Statement 2. Economic relationship between the partners comes to an end Flag question Hoth the statements are correct Both the statements are incorrect Only statement is correct Only statement 1 is correct Question 9 Question 9 Not yet Under average profit method, goodwill is calculated by multiplying the agreed by the partners by a certain number of years purchase answered Marked out of 100 Flag question Average profit None of these Normal profit Super profit