5
7
2
20
10
fixed
fluctuating
not contributed
fixed or fluctuating
Dr.
Cr.
Dr. or Cr.
Cr. and Dr.
Profit and loss account
Profit and loss adjustment account
Trading account
Manufacturing account
Capital account
Both of capital account and profit and loss adjustment account
Interest on Capital
Interest on Loan
Salary
Commission
6 months
1 month
6½ months
1 year
out of profits only
definitely
out of losses
with the permission of all partners
debit balance
credit balance
debit or credit
debit and credit
5% p.a.
6% p.a.
7% p.a.
No interest
₹ 90,000
₹ 45,000
₹ 5,400
₹ 36,00
Revaluation of partnership
Reconstitution of partnership
Realisation of partnership
None of the above
Realisation Account
Cash Account
Premium for Goodwill Account
Revaluation Account
intangible
current
fictitious
Royalty
Assets
Goodwill
Patents
Net
Average
Super
Appropriated
New Ratio – Old Ratio
Old Ratio – New Ratio
New Ratio + Old Ratio
Old Ratio + New Ratio