You are a professional accountant working as an Accounts Officer of Oman Trading Company. Oman Trading Company

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You are a professional accountant working as an Accounts Officer of Oman Trading Company. Oman Trading Company a partnership firm specializing in the import and export of a wide range of goods, including electronics, textiles, and consumer goods. Now, they have reconstructed the partnership and the company asked you to prepare the necessary partnership accounts after reconstruction.

Required: Choose a reconstitution case and prepare the following partnership accounts:

.

Journal Entries

(2

Marks

)

.

Revaluation Account

(2

Marks

)

.

Capital Accounts

(2

Marks

)

.

Balance Sheet

(2

Marks

Related Book For answer-question

Microeconomics

ISBN: 978-1429283434

3rd edition

Authors: Paul Krugman, Robin Wells

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Posted Date: May 11, 2024 10:51 AM

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You are a professional accountant working as an Accounts Officer of Oman Trading Company. Oman Trading Company

Question:

Expert Answer:

A Journal Entries Journal entries are used to record the necessary transactions during the reconstru... View the full answer

Microeconomics

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