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FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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
Transcribed Image Text:X FINAL EXAM APRA SEMESTER-II m
sct.edu.om/elearning/mod/quiz/attempt.php?attempta
lah - Elearning
If a new partner pays his share of goodwll In cash? Which method is appled in the treatrnent of goodwll?
O a Premium method
of
O b. Average profit method
Oc Super profit method
e d. Revaluation method
Clear my choice
All and Taminm startod a partnership business on Ist April 2018 with capitals of OMR 600,000 ona OMR 140,000 respectively. ll
introduced OMR 100,000 as additional capitol on Ist October 2019. interest on copital isto be allowed at 10% per annum. Calculate the
Interest on oapital payable to Ali for the year ending 31st March 2019?
ut of
O a All OMR67500
O b. All OMR 65,000
OC AI OMR 60,000
O d. None ot these ore corrent
E18
Intorest on pothes capital is colculaed on thep
Oo. Opening balance of tapital only
Oh Closing balance ol capitol only
O C Opening balance of copixal and additionalcapital introduced during the year
O d. Average Copitol
X, Y gnd 7 are sharing pinrn the rutio of 2/5: 2/6 16.Forther 2retltna.fom bosiness ond his shcre was purchosed equally by X and Y.
The new btofiL sharing rahe ehglf be.
hon 19
Vod bule
AFR 10 a E A
ALL
F7
144
F6
FS
F4
FS
F2
%
5 0
67
%23
3 r
2r
R
G
HI
DI
BY
ce
Alt
03 3
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