Accounting for ...

_________ rule is applicable at the time of any partner becoming insolvent. 

X, Y & Z are partners sharing profits & losses in the ratio of $$3:3:2$$. Each partner withdraws as follows:
X had withdrawn Rs. $$15,000$$ on $$15-6-2015$$. Y had withdrawn Rs. $$8,500$$ on $$1-5-2015$$ & $$10,000$$ on $$15.10.2015$$. Z had withdrawn Rs. $$2,500$$ at the end of each month. Rate of interest on drawing is $$9\%$$. Accounting year ends on $$31$$st December each year. Calculate the interest on drawings.

In partnership under fixed capital account method, which of the following account is opened?

N & Z are two partners. During the year N withdraws Rs. $$37,000$$ on $$1-5-2012$$ & Z withdraws Rs. $$45,000$$ on $$15-8-2012$$. Accounts are closed on $$31-12-2012$$. Rate of interest on drawings is $$10\%$$ p.a. Interest on drawing for two partner respectively will be.

On $$1-1-2015$$ balance in capital account of partner was Rs. $$1,00,000$$. He introduced certain amount on $$1-5-2015$$. As per partnership deed interest on capital is to be provided @ $$12\%$$ p.a. If Profit & Loss Appropriation A/c is debited for Rs. $$18,000$$ as interest on capital, how much amount was introduced by the partner on $$1-5-2015$$?

The partners can share profit in ____________.

X, Y & Z commence a business in partnership. X puts in Rs. $$20,000$$ for the whole year. Y introduced Rs. $$30,000$$ and increases it Rs. $$40,000$$ at the end of four months but withdraws Rs. $$10,000$$ at the end of eight month. Z brings Rs. $$50,000$$ at first, but withdraws Rs. $$15,000$$ at the end of six months. Calculate the profit sharing ratio based on effective capital.

The capital account of a partner may be a ______________.

The Indian Partnership Act came into force on _________. 

Under fluctuation method of capital, what is the treatment of "interest on capital"?