The Goodwill of a firm is Rs 30,000, when it is valued at three years' purchase of the super profits of the business. Find the normal rate of return, if the firm's capital employed is Rs 5,00,000 and average profits of last five years were Rs 60,000.

Amit, Ritu and Zara are in partnership, sharing profits and losses in the ratio of 3:2:1 respectively. Zara's share in the profit is guaranteed by Amit and Ritu to be a minimum of Rs. 8,000. The net profit for the year ended March 31, 2025 was Rs. 30,000. Choose the correct statements from the following:

A. Amit's share of profit is Rs 13,200

B. Ritu's share of profit is Rs 8,800

C. Amit's share of profit is Rs 12,300.

D. Ritu's share of profit is Rs 10,000.

Choose the correct answer from the options given below:

The Partnership deed should be properly drafted and prepared as per the provisions of _____.

Choose the correct statement in respect of the Fixed Capital Method for a Partnership Firm :-

If the partnership deed is silent, at what rate, the interest would be charged on the drawings made by the partner:

When the total amount withdrawn is given but the date of withdrawal is not given then interest on drawings is charged for a period of:

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.