Match List I with List II

List I	List II
A. Partner's Salary	I. P & L A/c Dr.
B. Manager's Salary	II. P & L Appropriation A/c Dr.
C. Distribution of Loss	III. P & L A/c Cr.
D. Commission Received	IV. P & L Appropriation A/c Cr.

Choose the correct answer from the options given below:

John Ibrahim, a partner in Ancient Tours and Travels withdrew money during the year ending March 31, 2020 from his capital account, for his personal use. He withdrew Rs. 3,000 per month at the beginning of the month. Calculate interest on drawings that should be charged from John Ibrahim, if the rate of interest charged on drawing is 9% per annum.

Match List-I with List-II

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The liability of partners is

Identify a characteristics not applicable in partnership

Ram and Shyam are equal partners. Their capitals as on April 01, 2025 were Rs. 50,000 and Rs. 1,00,000 respectively. After the accounts for the financial year ending March 31, 2026 have been prepared, it is discovered that interest at the rate of 6 per cent per annum, as provided in the partnership deed has not been credited to the partners' capital accounts.

Choose the correct adjusting entry from the options given below:

Reconstitution of a partnership firm takes place when: