Which of the following reason/s leads to reconstitution of partnership? a. Admission of a New...
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Accounting
Which of the following reason/s leads to reconstitution of partnership?
a.
Admission of a New Partner Only
b.
Both Admission of a New Partner and Retirement of a Partner
c.
None of the options are correct
d.
Retirement of a partner Only
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%.
a.
OMR 80,000
b.
OMR 16,000
c.
OMR 7,500
d.
None of the options are correct
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