Dinesh, Ramesh and Suresh are partners in a firm sharing profits and losses in the ratio of 3:3:2. They decided to share the profits equally w.e.f. April 1, 2015.

Match List-I with List-II

List-I (Events/ Transactions)	List-II (Accounting Treatment)
(A) Profit on revaluation Rs 40,000	(I) Dinesh's Capital A/c will be credited by Rs. 25,000
(B) General reserve of Rs 60,000 distributed.	(II) Dinesh's Capital A/c will be credited by Rs. 20,000
(C) Goodwill Rs 6,00,000 adjusted in partners' capital	(III) Dinesh's Capital A/c will be credited by Rs. 22,500
(D) Workmen Compensation Reserve Rs 4,80,000 adjusted in partners' capital	(IV) Dinesh's Capital A/c will be credited by Rs. 15000

Choose the correct answer from the options given below:

The partnership deed of a partnership firm includes:

(A) Salaries and Commission payable to partners

(B) Rules regarding the operation of bank accounts

(C) Common Seal of the firm

(D) The Accounting period of the firm

Choose the correct answer from the options given below:

Lockers Rent Received during the year by a club is Rs. 17,050. Locker rent Rs. 3,050 outstanding for the previous year and Rs. 1500 outstanding for the current year.

The amount to be shown in Income and Expenditure is :

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

If partnership deed is silent on the profit sharing ratio and other provisions: interest @_____ per annum is allowed on loans advanced by partners:

A and B are partners in a firm with their fixed capital Rs 4,00,000 and 5,00,000 respectively. After preparation of accounts, it was found that interest on capital @ 10% p.a as provided by the partnership deed is omitted. In order to rectify the mistake, A's Current account will be _____?

The Profit and Loss Appropriation Account is merely an extension of the Profit and Loss Account of the firm, which, among the following, is not shown in the Profit and Loss Appropriation Account?