Maali and M Sheet
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Maali and Marwa are partners of Perfurme business sharing profit and loss in the ratio of 6:2. Their Balance
Sheet as on 31/12/19 shows OMR 35,000 as Profit and Loss A/c in the liabilities side.
On 31-12-2020 they admit mizna, on that date, their Balance Sheet showed an amount of
Profit and Loss A/c in the Asset side.
OMR 15,000 as
ut of
10
On the same Balance Sheet an reserve fund of OMR 19500 were found. Record necessary journal entries in
Maali and Marwa Perfume business.
uestion
Finis
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