58% 4G OMANTEL I. 12:33 elearning.ibrict.edu.om Question 14 Not yet answered Marked out of 1.00 P Flag question Amal and Aman are partners of a firm sharing profit and loss in the ratio of 4:3. Their Balance Sheet shows RO 14,000 as Profit and Loss A/c in the liabilities side. Pass the necessary journal entry in the books of accounts? O a. Profit and Loss A/c 14,000 To Amal Capital A/c 8,000 Aman Capital A/C 6,000 O b. Amal Capital A/C 8,000 Aman Capital A/C 6,000 To Profit and Loss Appropriation A/c 14,000 c. Amal Capital A/c 8,000 Aman Capital A/c 6,000 To Profit and Loss A/c 14,000 O d. None of the options 58% 4G OMANTEL 11. 12:32 elearning.ibrict.edu.om III Question 1 Not yet answered Marked out of 1.00 P Flag question Aman and Balqies are partners sharing profits in the ratio of 3:2. They admit Amal as new partner. Amal bring in RO 15,000 as capital and RO 5,000 as premium. Pass the necessary journal entries in the books? O a. Bank A/c 15,000 To Amal's Capital 15,000 O b. Amal's Capital 15,000 To Premium A/C 5,000 To Bank A/c 20,000 O c. Bank A/c 20,000 To Amal's Capital 15,000 To Premium A/c 5,000 O d. None of the options 58% 4G OMANTEL 1. 12:33 elearning.ibrict.edu.om III Question 9 Not yet answered Marked out of 1.00 P Flag question Almutaz and Rashid are partners sharing profit and losses in the ratio of 5:3. Abdullah is admitted as a new partner for 1/5th share. Abdullah brings RO. 15,000 as his Capital and RO 5,000 goodwill in cash. Goodwill already appears in the Balance Sheet of Almutaz and Rashid is RO 20,000. What is the share of Goodwill written off to Almutaz which is already appears in the balance sheet? a. RO 20,000 O b. None of the options O C. RO 7,500 O d. RO 12,500 58% 4G OMANTEL I. 12:33 elearning.ibrict.edu.om Question 10 Not yet answered Marked out of 1.00 P Flag question Asma and Basma are partners sharing profit and losses in the ratio of 5:3. Carolina is admitted as a new partner for 1/5th share. Carolina brings RO 15,000 as his Capital and necessary amount of his share of goodwill in cash. Total goodwill of the firm is RO 60,000. Pass necessary journal entries for goodwill transfer to Asma and Basma? O a. None of the options O b. Premium A/c Dr 12,000 To Asma Capital A/c 7,500 To Basma Capital A/c 4,500 O c. Carolina A/c 12,000 To Profit and loss A/c 12,000 O d. Asma Capital A/c 7,500 Basma Capital A/c 4,500 To Premium A/c Dr 12,000 58% 4G OMANTEL 11. 12:32 elearning.ibrict.edu.om Question 20 Not yet answered Marked out of 1.00 P Flag question Amal and Aman are partners of a firm sharing profit and loss in the ratio of 4:3. Their Balance Sheet Shows RO 14,000 as Profit and Loss A/c in the Assets side. Pass the necessary journal entry in the books of accounts? O a. None of the options o b. Amal Capital A/C 8,000 Aman Capital A/c 6,000 To Profit and Loss A/C 14,000 O c. Profit and Loss A/c 14,000 To Amal Capital A/C 8,000 Aman Capital A/C 6,000 o d. Amal Capital A/C 8,000 Aman Capital A/C 6,000 To Profit and Loss Appropriation A/c 14,000