Question : Which one of the following items cannot be recorded in the profit and loss appropriation account?

Option 1: Interest on capital 

Option 2: Interest on drawing 

Option 3: Rent paid to partner 

Option 4: Partner's salary 

Question : In the absence of partnership deed, partners are entitled to get:

Option 1: salary

Option 2: commission

Option 3: equal share in profit

Option 4: profits in capital ratio

Question : Which of the following does not consist of reconstruction of partnership?

Option 1: Retirement and death of a partner 

Option 2: Change in profit sharing ratio 

Option 3: Admision of a partner

Option 4: Dissolution of partnership

Question : In the event of change in profit-sharing ratio, profit and loss (credit balance) existing in the Balance Sheet is transferred to Capital Accounts of partners in their

Option 1: Sacrificing ratio

Option 2: Gaining ratio

Option 3: Old profit-sharing ratio

Option 4: New profit-sharing ratio

Question : On 1st June, 2018 a partner introduced in the firm additional capital Rs. 50,000. In the absence of partnership deed, on 31st march 2019 he will receive interest:

Option 1: Rs. 3,000 

Option 2: Zero 

Option 3: Rs. 2,500

Option 4: Rs. 1,800