Select the correct statements from the following related to the partnership.

(A) Rent paid to a partner is always an appropriation of profit.

(B) Interest on Loan from Partner is always a charge against profit.

(C) Interest on Partner's Capital is an appropriation of profit.

(D) Interest on Loan to Partner is not a charge against profit.

Choose the correct statements from the given options below :-

M and N are partners in a firm and agree that an interest @12% per annum should be charged on drawings. M draws Rs. 20,000 per month at the beginning of each month. The amount of interest to be charged from M is:

What is the amount of T's deficiency in profits?

Which statement is not true about Capital Accounts of Partner-

When drawings are made at the beginning of every month for the full year, interest on drawings is calculated for

Identify the correct sequence for finding out divisible Profit & Loss for a Partnership Firm manufacturing Steel pipes :

(A) Transfer amount to general reserve, as per requirement.

(B) Allow interest on capital and charge interest on drawing.

(C) Transfer of the balance of profit and loss account to profit and loss appropriation A/c

(D) Find out the balance amount to be distributed among partners.

Choose the correct answer from the options given below:

X and Y are partners sharing profits in the ratio 3:2. Capital introduced by X and Y is ₹ 1,00,000 and ₹ 5,00,000 respectively. Interest on capital is allowed to partners @ 10%p.a. Profit of the firm for the year ending March 31st, 2025 is ₹ 30,000. Calculate Interest on Capital to be allowed to the partners.