Which of the following facts are related to modes of reconstitution of a partnership firm.

(A) Admission of a new partner

(B) Dissolution of a partnership firm

(C) Death of a partner

(D) Change in the profit sharing ratio among the existing partners

(E) Retirement of a partner

Choose the correct answer from the options given below :

Arun and Barun are partners in firm. The net divisible profit as per Profit and Loss Appropriation A/c of the firm is Rs. 7,50,000. The total interest on partner's drawing is Rs. 12,000. Arun's salary is Rs. 12,000 per quarter and Barun's salary is Rs.1,20,000 per annum. The net profit/loss earned during this year was:

Which of the following are charges against profits?

(A) Rent paid to partners

(B) Interest on loan, paid to partners

(C) Interest on Capital

(D) Manager's commission

Choose the correct answer from the options given below:

Out of the following, which one is not a mode of reconstitution of a partnership firm?

There is a need for valuation of goodwill under which of the following cases

(A) Admission of new partner

(B) Retirement of a partner

(C) Dissolution of a firm involving sale of business as a going concern.

(D) Amalgamation of partnership firms.

Choose the correct answer from the options given below:

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

Suppose Gunjan and Himani are partners in a firm sharing profits and losses equally. During 2024-25, Gunjan withdrew Rs. 30,000 quarterly in the begining of each quarter. If interest is to be charged on drawings @ 8% p.a., the interest on drawings will be: