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Question 5 Not yet answered Marked out of 1.00 P Flag question At the end of an accounting year drawings account is closed by a transfer to the respective partner's: Question 6 Not yet answered Profit and loss account interest on drawings account Capital account . Profit and loss appropriation account Question 6 Not yet answered Marked out of 1.00 P Flag question When furniture value increased from OMR 10000 to OMR 12000, then revaluation account is: > Question 7 d. Credited with OMR 2000 c. Debited with OMR 2000 b. Credited with OMR 12000 a. Debited with OMR 12000 Question 7 Not yet answered Marked out of 1.00 P Flag question A and B are partners sharing profits and losses in the ratio of 1:1. They admit Cinto partnership for 1/4th share. The new partner is unable to bring his share of goodwill. The goodwill of the firm is valued at OMR 12000 At the time of treatment of goodwill, A's capital account is Question 8 Not yet answered b. Credited with OMR 1500 d. Credited with OMR 3000 C. Debited with OMR 3000 a. Debited with OMR 1500