A & B are partners in a partnership firm without any agreement. A has given a loan of 50,000 to the firm. At the end of year loss was incurred in the business. Following interest may be paid to A by the firm :

According to Profit & Loss Account, the net profit for the year is ₹ 1,50,000. The total interest on partner's capital is ₹18,000 and interest on partner's drawings is ₹2,000. The net profit as per Profit & Loss Appropriation Account will be:

A& B are partners in a firm. A's Capital is ₹70,000 & B's Capital is ₹50,000. Firm's profit is ₹60,000. A's share in profit will be:

Net Profit of a firm is ₹49,500. Manager is entitled to a commission of 10% on profits before charging his commission. Manager's commission will be:

A, B & C are partners in the ratio of 5:3:2. Before B's salary of ₹17,000, firm's profit is ₹ 97,000. How much in total B will receive from the firm?

Which accounts are opened when the capitals are fixed?

X & Y are partners in the ratio of 3:2. Their capitals are ₹2,00,000 & ₹ 1,00,000 respectively. Interest on capitals is allowed @8%p.a Firm earned a profit of ₹60,000 for the year ended 31st March 2019. Interest on Capital will be:

Vikas is a partner in a firm. His drawings during the year ended 31st March 2019 were ₹30,000. If interest on drawings is charged @9% p.a the interest charged will be

In a partnership firm, a partner withdrew ₹5,000 per month on the first day of every month during the year for personal expenses. If interest on drawings is charged @6%p.a. the interest charged will be:

Balance of Partner's current accounts are

If a fixed amount is withdrawn by a partner on the last day of every month, interest on drawings is charged for

When Partners' capital accounts are fixed, which one of the following items will be written in the partner's capital account?

Which of the following is not incorporated in the Partnership Act?

Which of the following items can not be recorded in the Profit & Loss Appropriation Account?

X, Y & Z are partners in the ratio of 4:3:2. Salary to X ₹15,000 and to Z ₹ 3,000 omitted and profits distributed. For rectification, now X will be credited:

X, Y & Z are partners in the ratio of 5:4:3. X has given to Z a guarantee of minimum ₹ 10,000 profit. For the year ending 31st March, 2019, Firm's profit is ₹ 28,800. X's share in profit will be :

P, Q & R are partners in 3:2:1. R is guaranteed that his share of profit will not be less than ₹70,000. Any deficiency will be borne by P & Q in the ratio of 2:1. Firm's profit was ₹ 2,40,000. Share of P will be:

X and Y are partners in the ratio of 3:2. Their capitals are ₹ 2,00,000 and ₹ 1,00,000 respectively. Interest on capitals is allowed @ 8% p.a. Firm incurred a loss of ₹ 60,000 for the year ended 31st March, 2019. Interest on Capital will be:

If any loan is given by the partner then, balance of such loan Account should be transferred to