ABC Ltd. has a partnership deed as per which interest on drawing is to be charged @ 9% p.a and the total interest on drawings of Aman (partner) is calculated to be Rs 1755. Find the monthly amount he withdrew, if drawings are done at the beginning of every month during the year.

Match List - I with List - II.

Choose the correct answer from the options given below :

Nancy, Sonu and Himani are partners sharing profits and losses in the ratio of 5:3:2. The partnership deed provides for charging interest on drawings @ 10%. The drawings of Nancy, Sonu and Himani during the year ending March 31, 2025 amounted to Rs.20,000, Rs.15,000 and Rs.10,000 respectively. After the final accounts have been prepared, it was discovered that interest on drawings has not been taken into consideration. Choose the correct adjusting entry.

Amita and Kabuliwala are partners, sharing profits in the ratio of 2:2 with capitals of Rs.1,50,000 and Rs.30,000 respectively. Interest on capital is agreed @ 6% p.a. A commission of Rs. 5000 is to be allowed to manager. During the financial year 2024-25, on Oct. 01, 2024, Amita gave a loan of Rs. 1,00,000 to the firm without any agreement. During the year 2024-2025, a profit of Rs. 2,22,250 was earned. Calculate the profit that would be transferred to Profit & Loss Appropriation A/C.

Which of the following is NOT a feature of partnership?

In the absence of a partnership deed which of the following are correct.

(A) Profit sharing ratio will be on the basis of capital contributed by the partners

(B) No interest on capital will be provided

(C) No interest on Drawing will be charged

(D) 6% p.a. interest on partner's loan will be provided

(E) Partner will get salary for extra time devoted for the firm

Choose the correct answer from the options given below :

Which of the following is not a part of capital account under the fixed Capital Method?