When partners' capital account is prepared under the fluctuating capital method, interest on drawings is shown under:

When the fixed amount is withdrawn at the end of each quarter, interest on drawing will be calculated for _______

Average profits of a firm during the last few years are Rs. 2,50,000 and the normal rate of return in a similar business is 5%. If the goodwill of the firm is 5,00,000 at 5 years' purchases of super profit, find the amount of capital employed by the firm.

Amit, Ritu and Zara are in partnership, sharing profits and losses in the ratio of 3:2:1 respectively. Zara's share in the profit is guaranteed by Amit and Ritu to be a minimum of Rs. 8,000. The net profit for the year ended March 31, 2025 was Rs. 30,000. Choose the correct statements from the following:

A. Amit's share of profit is Rs 13,200

B. Ritu's share of profit is Rs 8,800

C. Amit's share of profit is Rs 12,300.

D. Ritu's share of profit is Rs 10,000.

Choose the correct answer from the options given below:

Amitabh and Babul are partners sharing profits in the ratio of 3:2, with capitals of Rs. 50,000 and Rs. 30,000 respectively. Interest on capital is agreed @ 6% p.a. Amitabh has also given a Loan on April 01, 2024 of Rs. 50,000 to the firm without any agreement.

Calculate Interest on Amitabh's Loan assuming books are closing on 31st March, 2025.

Reconstitution of partnership does not involves

Identify the way by which the clauses of partnership deed can be altered.