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Question 13 Chapter 2 of Class 12 Part – 1 Usha Publication
13. (Capital a/c’s) Show how the following items will be recorded in the capital account of partners:
| Raja | Rani | |
| Opening Capital | 25,000 | 40,000 |
| Drawings during the year | 4,000 | 6,000 |
| Interest on Capital | 2,500 | 4,000 |
| Interest on Drawings | 400 | 500 |
| Salary | 6,000 | ..... |
| Commission | …… | 8,000 |
We are providing a solution of Question 13 Chapter 2 of Class 12 Part - 1 Usha Publication in two formats. one is in Video format and another is in article format. Check out both formats as follows:
The video consists solution of question numbers 3, 4, 13, 14, 15 & 17 Chapter no. 2 class 12 of Usha publication. To check the direct solution of question no. 13 from the following video by using time stamps of the video.
Partners’ Capital Accounts
| Particulars |
Raja | Rani | Particulars |
Raja | Rani | ||
|---|---|---|---|---|---|---|---|
| To Drawings A/c | 4,000 | 6,000 | By Balance B/d | 25,000 | 40,000 | ||
| To Interest on Drawings A/c | 400 | 500 | By Interest on Capital A/c | 2,500 | 4,000 | ||
| By Salary | 6,000 | - | |||||
| By Commission | - | 8,000 | |||||
| To Balance c/d | 29,100 | 45,500 | |||||
| 33,500 | 52,000 |
33,500 | 52,000 |
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Accounting & Commerce Educator
Sarbjit Singh holds a B.Com and M.Com degree and has over 12 years of teaching experience in double entry bookkeeping, financial accounting, and business studies.
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