X FINAL EXAM APRA SEMESTER-II msct.edu.om/elearning/mod/quiz/attempt.php?attemptalah - ElearningIf a new partner pays his share of goodwll In cash? Which method is appled in the treatrnent of goodwll?O a Premium methodofO b. Average profit methodOc Super profit methode d. Revaluation methodClear my choiceAll and Taminm startod a partnership business on Ist April 2018 with capitals of OMR 600,000 ona OMR 140,000 respectively. llintroduced OMR 100,000 as additional capitol on Ist October 2019. interest on copital isto be allowed at 10% per annum. Calculate theInterest on oapital payable to Ali for the year ending 31st March 2019?ut ofO a All OMR67500O b. All OMR 65,000OC AI OMR 60,000O d. None ot these ore correntE18Intorest on pothes capital is colculaed on thepOo. Opening balance of tapital onlyOh Closing balance ol capitol onlyO C Opening balance of copixal and additionalcapital introduced during the yearO d. Average CopitolX, 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 19Vod buleAFR 10 a E AALLF7144F6FSF4FSF2%5 067%233 r2rRGHIDIBYceAlt03 3

Method of Usage : "Premium method" is used, if a new partner pays his share of goodwill in cash into…

If a new partner pays his share of goodwill In cash? Which method is applend in the troatment of goodwilt? O a Promium method Ob Average profit method OC Super profit method d. Revaluation method Clear my cholce All and Tamim startod a partnenship businoss on Ist Apn 2018 with captals of OMR 600,000 ona CMR 140.000 respectively. All Introduced OMR 100,000 as addidonal copitol on Ist Cctober 209 interest on copital isto be allowed at 10% per annum. Calculate the Interest on capitat payable to AN tor the yoar ending 3let Mrch 2019? OG AE OMR 67500 O b. A OMR 65,000 OC A OMR 63,000 O d. None of the are oorrent Intorost on partnos.copital hcolculated on theP O a. Opening polonce ot copital only Oh Closing balance blcopitol only Oc Opening alonce of cnpral ond edditionalicopitol introducied during the year pa Averoge topitol

If a new partner pays his share of goodwill In cash? Which method is applend in the troatment of goodwilt? O a Promium method Ob Average profit method OC Super profit method d. Revaluation method Clear my cholce All and Tamim startod a partnenship businoss on Ist Apn 2018 with captals of OMR 600,000 ona CMR 140.000 respectively. All Introduced OMR 100,000 as addidonal copitol on Ist Cctober 209 interest on copital isto be allowed at 10% per annum. Calculate the Interest on capitat payable to AN tor the yoar ending 3let Mrch 2019? OG AE OMR 67500 O b. A OMR 65,000 OC A OMR 63,000 O d. None of the are oorrent Intorost on partnos.copital hcolculated on theP O a. Opening polonce ot copital only Oh Closing balance blcopitol only Oc Opening alonce of cnpral ond edditionalicopitol introducied during the year pa Averoge topitol

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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