Accounting for ...

A, B, and C are partners sharing profits in the ratio of $$ 5:3:2.$$ They decide to share the future profits in the ratio of 2:3:5 with effect from $$1st$$ April, 2018. What will be accounting treatment of Workmen Compensation Reserve appearing in the Balance Sheet on that date when no information is available for the same?

X, Y and Z are partners sharing profits in the ratio of $$ 5:3:2.$$ They decide to share future profits in the ratio of $$2:3:5$$ with effect from $$1^{st}$$ April, $$2018$$ . They also decide to record the effect of following revaluation without affecting the book values of assets and liabilities, by passing single adjusting entry :

Amit and Vijay started a partnership business on 1st April 2017. Their capital contributions were Rs. 2,00,000 and Rs. 1,50,000 respectively. The Partnership Deed provided that:
(a) Interest on capital be allowed @ 10% p.a.
(b) Amit to get a salary of 2,000 per month and Vijay 3,000 per month.
(c) Profits are to be shared in the ratio of 3 : 2.
Profit for the year ended 31st March 2018 before above appropriations was Rs. 2,16,000. Interest on drawings amounted to Rs. 2,200 for Amit and Rs. 2,500 for Vijay. Which account is prepared to give effect to the above transaction ?

Indian Partnership Act was passed in the year _________.

Cost of abnormal wastage is _________________.

Partnership may come into existence by ________________.

The interest on partner's capital accounts is to be credited to_________. 

Furniture of the book value of Rs.1,500 was sold for Rs.600 and new fixture of Rs.1,000 was purchased and cartage of Rs.25 paid.What is the amount of capital expenditure?

If any partner has advanced some money to the firm beyond the amount of his capital for the purpose of business, he shall be entitled to get an interest on the amount at the rate of _____ percent per annum.

The capital in a business on Jan. 1 and Jan 31 is Rs. 17,000 and Rs. 17,200 respectively. Investment by owner and withdrawal by owner during Jan. Amount to Rs. 1000 and Rs. 700 respectively. What is the net income for January?