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1)Hello brother, please help me. Answer all the questions. I do not have many chance. I will not forget your favor. Please write the question number and answer code.

corporate Accounting 1

Question 1 Not yet answered Marked out of 1 P Flag question What reflects unrecorded economic activities which is yet not recorded but has taken place: a. Posting entries b. Adjusting entries O C. None of these d. Rectifying entries Question 2 Not yet answered Marked out of 1 P Flag question What do partners do not receive in the absence of partnership deed? O a. All of these options O b. Salaries O c. Interest on capital O d. Commission Question 3 Not yet answered Marked out of 1 p Flag question Statement l: Goodwill is the result and efforts made by the existing partners in the past.Statement II: At the time of admission, incoming partner who will acquire the right to share future profits must compensate the existing partners by making payment to them. a. Statement I is false b. Statement II is false O c. Both the statements are true O d. None of the statements are true Question 4 Not yet answered Marked out of 1 P Flag question The accumulated profits reserves are transferred to: O a. Bank account b. None of the options c. Partner's Capital account d. Realization account Question 5 Not yet answered Marked out of 1 Flag question P, Q and R were partners sharing profits in the ratio of 6:4:5 respectively. Capitals as on 31st March 2017 are P OMR 600,000, Q OMR 400,000 and R OMR 500,000. Their books are closed on 31st March every year. P dies on 30th August, 2017. Under the partnership deed, deceased partner is entitled to his share of profit/loss to the date of death based on the average profits of preceding 3 years. The annual profits or loss figures of preceding four years were 2014 OMR 50,000; 2015 OMR 120,000(LOSS): 2016 OMR 30,000 and 2017 OMR 60,000. P's share of profit/ loss will be: a OMR 6,400 b. None of these c. OMR 12,000 d. OMR 3,200 Question 6 Not yet answered

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