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1 Which of the Journal entry you pass for recording new partners' capital? d Sut...

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Accounting

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1 Which of the Journal entry you pass for recording new partners' capital? d Sut of a. Old Partners Capital To New Partner's Capital b. None of the options c. New partners Capital A/c To Cash A/c, Stock A/c, Furniture A/c d. Cash Alc, Stock A/c, Furniture A/c To New partners Capital A/c 3 Identify from the following, by which way also new partner can be admitted other than bringing capital? d out of a. None of the options b. Skill Only OC. Talent Only O d. Both Talent and Skill en 5 Oman Trading company books of account showed that the capital employed on 1-1- 2020 was OMR 150,000. Calculate the Normal Profit of the business given that the normal rate of return is 5%. ed out of in a. OMR 7,500 b. None of the options are correct c. OMR 16,000 d. OMR 80,000 6 Which of the following profit items is/are credited in Revaluation Account? . ut of a. Both Increase in the value of assets and Decrease in the amount of liabilities O b. Increase in the value of assets only Oc. None of the options O d. Decrease in the amount of liabilities only

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