www Ms. Amina and Ms Bushra are partners sharing profits and losses in the ratio of 12. Ms Kareemais admitted as a new partner for 11th share. Mi Kareema brings RO,60,000 as his capital and brings only 60% of his share of Goodwill in cash. The total Goodwill of the timiso, 60,000. How much amount of goodwill Ms Kareema brought to the time 100 OMR 20,000 OMR 12.000 None of the choices OMR 18 000 6 The account prepared for recording the realization of assets and payment of liabilities od out of Realization account Reorganizing account Revaluation account Redeeming account mon estion 7 ot yet wered Identify the correct statement about the treatment of goodwill at the time of retirement of a partner: Statement 1 - Retiring partner's share of goodwill is calculated. Statement 2 - Sacrificing ratio of remaining partners is calculated. arked out of 00 Flag question Only statement 2 is correct. Both the statements are incorrect Only statement 1 is correct. Both the statements are correct 8 The nartnershin dendron Gestion 8 ot yet The partnership deed contains the following details except: ed out of a question Name of the firm Shareholder's name Duration of partnership Nature of business carried 9 hooth to 9 Marked out of 100 Choose the correct order of payment from the proceeds of the sale of the fine Expenses of realization Payment to outside creditor it is to be noted that secured creditors are to be paid off first out of the proceeds or secured assets before anything is paid to unsecured creditors. Loans and advances made by partners spouse Loans and advances made by a partner apart from his capital and Final calms of the partners on the capital soccount IV VW CV 11. LIV LIV LV on 10 New profit-sharing ratio-old profit-sharing ratio is equal to: ed out of o question New Profit sharing ratio Gaining ratio Old ratio New ratio