Accounting for ...

If a fixed amount is withdrawn on the middle day of every quarter of a calendar year, the interest on total amount of drawings will be calculated for ________. 

Which of the following appear in the Profit & Loss Appropriation Account? 

If a fixed amount is withdrawn on the middle day of every month of a calendar year, the interest on the total amount of drawings will be calculated for ________. 

When the interest on capital is allowed to partners, interest on capital account is debited and partner's capital account is credited. It is called _____________. 

If a fixed amount is withdrawn on the first day of every quarter of a calendar year, the interest on total amount of drawings will be calculated for _______. 

Which of the following does not appear in the Profit & Loss Appropriation Account? 

When the interest on drawings is charged to partners, interest on drawing account is credited, and partner's capital account is debited. It is called __________. 

If a fixed amount is withdrawn on the last day of every quarter of a calendar year, the interest on the total amount of drawings will be calculated for __________.

A, B and C were capitals of Rs. 50,000; Rs. 40,000 and Rs. 30,000 respectively carrying on business in partnership. The firm's reported profit for the year was Rs. 79,200. As per provisions of the Indian Partnership Act, 1932, find out the share of each partner in the above amount after taking into account that no interest has been provided on an advance by A of Rs. 20,000, in addition to his capital contribution? 

Interest on capital will be paid to the partners if provided for in the agreement but only from __________.