Calculate the amount of subscription to be shown in Income and expenditure A/C for the year ending 31st March 2022

Subscription received during the year 2021-22 Rs. 100,000

Outstanding subscription for the year 2020-21 Rs. 10000

Outstanding subscription for the year 2021-22 Rs. 20000

Subscription received in advance in 2020-21 Rs. 5000

Subscription received in advance in 2021-22 Rs. 4000

Correct Journal entry for transferring interest on capital to Profit and Loss Appropriation Account is-

Which of the following is not a feature of a partnership firm?

Anuj and Alka are partners in a firm. Their capital accounts as on April 01, 2025 showed a balance of Rs. 4,00,000 and Rs. 6,00,000 respectively. On July 01, 2025, Anuj introduced additional capital of Rs. 50,000 and Alka, Rs. 60,000. On October 01, Anuj withdrew Rs. 30,000 and on January 01, 2026 Alka withdrew Rs. 15,000 from their capitals. Interest on capital is allowed @ 8% p.a. What will be the interest payable to Anuj during the financial year 2025–2026?

At the time of change in profit sharing ratio, what will be the impact of reduction in the value of investment by 20% assuming existing book value of investments in balance sheet as Rs. 2,40,000 and there is an investment fluctuation reserve existing in balance sheet at Rs. 30,000?

Mukesh and Vanshika are partners. They agreed to share profits in the ratio of 3:2.

Their capital balances on 01st April, 2024 were Rs.15,00,000 and Rs. 10,00,000 respectively. Additional capital contributed by Mukesh and Vanshika was Rs 3,00,000 and Rs 2,00,000 respectively on 01st Jan, 2025. Interest on capital was allowed @ 5 % p.a. Find the interest on Vanshika's Capital.

If partnership deed is silent on the profit sharing ratio: interest @_____ per annum is allowed on loans advanced by partners-