Question: 28,29 plz solve it quickly i have final Question 28 Not yet answered Marked out of 1.00 Flag question Rand S engaged in partnership firm

28,29  28,29 plz solve it quickly i have final Question 28 Not
plz solve it quickly i have final

Question 28 Not yet answered Marked out of 1.00 Flag question Rand S engaged in partnership firm sharing profit and losses equally decide to dissolve the firm. On this day the balance sheet showed Debtors at OMR 30.000. During dissolution only 90% of debtors were realized and OMR 2.000 was recovered for bad debts written off last year. Calculate the total amount of debtors realized during dissolution. O a OMR 27,000 O b. OMR 29.000 O COMR 31.000 d. OMR 28.000 Question 29 Not yet orswered Marked out of 500 P Flag question Alex and Bobby were partners sharing profits equally. Their balance sheet showed inventory worth OMR 30.000. During dissolution of the firm Bobby took over 30% of the stock at 15% less than its book value. Which of the following journal entries is made to record this transaction? a. Dr. Bobby's capital OMR 7,650; Cr. Realization OMR 7,650 Ob Dr. Realization OMR 1.350: Cr. Bobby's capital OMR 1,350 O Dr. Bobby's capital OMR 1.350: Cr. Realization OMR 1,350 Od Dr. Realization OMR 7.650; Cr. Bobby's capital OMR 7.650

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!