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  • Partnership Test (Test Code 126) Q4

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    This document provides instructions for a partnership test question asking examinees to find: (I) revaluation profit, (II) final amount paid to partner Cone, (III) additional capital introduced in cash by partners Compass and Circle, (IV) closing capital account balances for Compass and Circle, and (V) the revised balance sheet total. The document wishes examinees the best of luck on the test.

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    Partnership Test [Test Code 126] Q4

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    This document provides instructions for a partnership test question asking examinees to find: (I) revaluation profit, (II) final amount paid to partner Cone, (III) additional capital introduced in cash by partners Compass and Circle, (IV) closing capital account balances for Compass and Circle, and (V) the revised balance sheet total. The document wishes examinees the best of luck on the test.

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    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
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    9 views1 page

    Partnership Test (Test Code 126) Q4

    Uploaded by

    cmaparidhabangal
    This document provides instructions for a partnership test question asking examinees to find: (I) revaluation profit, (II) final amount paid to partner Cone, (III) additional capital introduced in cash by partners Compass and Circle, (IV) closing capital account balances for Compass and Circle, and (V) the revised balance sheet total. The document wishes examinees the best of luck on the test.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
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    of 1

    IQ Institute, Chandigarh 9779 29 2222

    PARTNERSHIP TEST (Test Code 126) -- QUESTION 4

    Find:

    (I) Revaluation Profit


    (II) Final amount paid to Partner Cone.
    (III) Additional capital introduced in cash:
    (i) Compass
    (ii) Circle
    (IV) Capital Account closing balances:
    (i) Compass
    (ii) Circle
    (V) Revised Balance sheet total

    BEST OF LUCK

    1|Page

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