X and Y are partners in a firm and their capital account shows a balance of Rs. 1,00,000 and Rs. 75,000 respectively on April 1, 2024. X introduced additional capital of Rs. 50,000 on August 1, 2024, and Mr. Y introduced further capital of Rs. 75,000 on October 1, 2024. Interest on capital is allowed @6 % annually. Calculate interest payable to Y.

Which of the following is the feature of fluctuating capital:

What is the amount of A's deficiency of annual fee?

John and Mathew share profits and losses in the ratio of 3:2. They admit Mohanty into their firm for 1/6 share in profits. John personally guaranteed that Mohanty's share of profit, after charging interest on capital @ 10% per annum would not be less than Rs. 30,000 in any year. The capital provided was as follows: John Rs. 2,50,000, Mathew Rs. 2,00,000 and Mohanty Rs. 1,50,000. The profit for the year ending March 31, 2025 amounted to be Rs. 1,50,000 before providing interest on capital. New profit sharing ratio is 3:2:1. Based on this, choose the correct statements from the options given below:

(A) John's share of profit is Rs. 30,000

(B) Mathew's share of profit is Rs. 30,000

(C) Mohanty's share of profit is Rs. 30,000

(D) John's share of profit is Rs. 60,000

If the partnership deed is silent on interest on capital, then:

Ram and Laxman started business on 1st Jan 2020 with a capital of Rs 1,20,000 and Rs 80,000 respectively. Ram introduced Rs. 50,000 to the firm on 1st July 2020 as additional capital. If the rate of interest is 15% p.a. Assuming that accounts are closed as per calender year then the Interest payable to Ram on Capital would be:

The clauses of partnership deed can be altered with the consent of: