Arrange the following in sequence of the final Accounts for a Partnership firm.

(A) Profit and Loss Account

(B) Partner's Capital Account

(C) Trading Account

(D) Balance Sheet

(E) Profit and Loss Appropriation Account

Choose the correct answer from the options given below :

Calculate the value of the goodwill of a firm based on 3 years' purchase of super profits, if the normal rate of return is 10%, average profits for the last five years were Rs. 60,000 and the capital of the firm is Rs. 5,00,000.

If the partnership deed is silent about the profit sharing ratio, the profits and losses of the firm:

In which ratio the deficiency of T will be borne by A & V.

Which of the following statements relates to Fixed Capital Method?

(A) The capitals of the partners shall remain fixed unless additional capital is introduced or capital is withdrawn.

(B) All items like share of profit or loss, interest on capital, drawings, interest on drawings, etc. are recorded in Partner's Current Account.

(C) The partners' capital accounts will always show a debit balance.

(D) The partners' current account may show a debit or a credit balance.

Choose the correct answer from the options given below:

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

Partners' Current Account shows: