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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 d. Both Talent and Skill n5 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 n O a OMR 7,500 b. None of the options are correct c. OMR 16,000 O 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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