If any partner has advanced loan to the firm for the purpose of business, he/she shall be entitled to get an interest on the loan amount at the rate of ............. % per annum.

Match List-I with List-II

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Which among the following is not the feature of a fixed capital method by which the capital accounts of partners can be maintained?

When the total amount withdrawn is given but the date of withdrawal is not given then interest on drawings is charged for a period of:

Ritesh, Deven and Keshav are partners sharing profits in the ratio of 3:2:1. They decided to change their profit sharing ratio from 1st April 2026, to 5:3:2. On that date, they have Workmen Compensation Reserve ₹ 1,80,000 and General Reserve ₹ 1,35,000. They have decided not to distribute the General Reserve. Choose the correct statement from the following:

Select the conditions required for computing interest on drawings using average period method:

A. Equal amount of drawings

B. Fixed interval of drawings

C. Varying amounts of drawings

D. Different interval of drawings

E. Rate of Interest

Choose the correct answer from the options given below:

The following are the modes of reconstitution of a partnership firm

(A) Death of a partner

(B) Dissolution of the firm by notice

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

(D) Admission of a new partner

Choose the correct answer from the options given below: