Mr. Suner , Mr. Rehman and Mr. Mouthosam are partners, who share profit in the...
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Mr. Suner , Mr. Rehman and Mr. Mouthosam are partners, who share profit in the ratio of 2:2:1. Following is the balance sheet as on March 31, 2020.
Balance Sheet of Mr. Suneer, Mr. Rehman and Mr. Mouthosam as on March 31, 2020 Liabilities Amount Assets Amount (OMR) (OMR) Mr. Suneer's capital 5,000 Cash and Bank 2,500 Mr. Rehman's Capital 2,000 Stock 2,500 Mr. Mouthosam's capital 1,000 Furniture 1,000 Reserve fund 2,500 Debtors 2,000 Creditors 2,000 Plant and 4,500 machinery 12,500 12,500 1. They decided to dissolve the business. The following amounts were realized. There was an unrecorded asset of Rs.250, which was taken over by Rita at Rs.200. How much amount of unrecorded assets are recorded in the realization account? OMR 200 OMR 250 OMR 50 None of the listed choices Creditors paid 2% less. How much amount of creditors are recorded in the debit side of realization account
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