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in 15 debt balance of partners' capital means insolvent according to the installment liquidation Select one: out of True False question 16 when equipment cost 12,000 and accumulated depreciation 2500, in the same date on time of liquidation sold by 9500 the gains or loss on sales is zero Select one: of O True estion False 17 in liquidation all partner must be paid equal amount ut of Select one: True O False uestion on 18 if the amount paid to retirement partner less than his interest of capital then it will be bonus or good will to retiring partner ed Select one: out of O True question False MH on 19 in the year ended the partner withdrawal closed in ed Select one: out of a. partner loan b. parter capital question c. income statement O d. expenses stion 20 Vet ered in the year ended 31/12/2018 total income of Palestine co , 20,000 if A partner received 5,000 annual salary and reaming divided 4:1 respectively between the two partners A and B ,so Finally the amount of 10,000 should be allocated to B partner from reaming profit. ed out of Select one: 0 True ag question False 21 In an admission of a partner by investment of assets, the total net assets and total capital of the partnership do not change. Select one: ut of True Eestion False

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