Page 68 - Demo

%u062c%u0645%u064a%u0639 %u0627%u0644%u062d%u0642%u0648%u0642 %u0645%u062d%u0641%u0648%u0638%u0629 %u0640 %u0627%u0625%u0644%u0639%u062a%u062f%u0627%u0621 %u0639%u0644%u0649 %u062d%u0642 %u0627%u0644%u0645%u0624%u0644%u0641 68 %u0628%u0627%u0644%u0646%u0633%u062e %u0623%u0648 %u0627%u0644%u0637%u0628%u0627%u0639%u0629 %u064a%u0639%u0631%u0636 %u0641%u0627%u0639%u0644%u0647 %u0644%u0644%u0645%u0633%u0627%u0626%u0644%u0629 %u0627%u0644%u0642%u0627%u0646%u0648%u0646%u064a%u06294- Based on your answer in the previous Question No. (3): The Journal entry to record admission of Partner (C) will include:a) Debiting Capital (A) & (B) by $50,000 & $75,000 respectively & Crediting Capital (C) by $125,000b) Debiting Capital (A) & (B) by $62,500 & $87,500 respectively & Crediting Capital (C) by $150,000c) Debiting Cash by $200,000 & Crediting Capital (C) by $200,000d) Debiting Cash by $125,000 & Crediting Capital (C) by $125,000Use the following information to solve questions from 5 to 7:A & B are two partners in a Partnership. They share Profit & Losses in ratio Equally and their Capital Balances were $180,000 and $280,000 respectively. The partners agreed to revaluate Building which was overvalued by $40,000 5- Assume that Partners (A & B) agreed on admitting Partner C to their partnership who invested $100,000 Cash in the partnership for 20% Interest in Total Capital of the new company. The partners agreed to use Bonus Method. Then in the admission entry, we will credit Capital (C) by $100,000:a) True b) False6- Assume that Partners (A & B) agreed on admitting Partner C to their partnership who invested $100,000 Cash in the partnership for 20% Interest in Total Capital of the new company. The partners agreed to use Bonus Method. The Journal entry to record admission of Partner (C) will include:a) Debiting Cash by $100,000 & Crediting Capital (C) by $100,000b) Debiting Cash by $100,000 & Debiting Bonus by $12,000 & Crediting Capital (C) by $112,000c) Debiting Cash by $100,000 & Debiting Capital (A) & (B) by $10,000 each & Crediting Capital (C) by $120,000d) Debiting Cash by $100,000 & Crediting Capital (A) & (B) by $10,000 each & Crediting Capital (C) by $120,0007- Assume that Partners (A & B) agreed on admitting Partner C to their partnership who invested $240,000 Cash in the partnership for 20% Interest in Total Capital of the new company. The partners agreed to use Bonus Method. The Journal entry to record admission of Partner (C) will include:a) Debiting Cash by $240,000 & Crediting Capital (C) by $240,000b) Debiting Cash by $240,000 & Crediting Bonus by $100,000 & Crediting Capital (C) by $140,000c) Debiting Cash by $240,000 & Crediting Capital (A) & (B) by $46,000 each & Crediting Capital (C) by $148,000d) Debiting Cash by $240,000 & Debiting Capital (A) & (B) by $46,000 each & Crediting Capital (C) by $148,00066