Question 02 Chapter 2 of +2 Part-1 – USHA Publication 12 Class Part – 1

Posted by By Shubham Sharma 4 Min Read July 12, 2024
Question 02 Chapter 2 of +2- Part-
Q-2 - CH-2 - Usha +2 Book 2018 - Solution

Question 02 Chapter 2 of +2-Part-1

No Partnership Deed Exists

2. (Absence of Partnership Deed) X and Y are partners in a firm. They do not have any agreement. Suggest what would be done in the following cases:
(a) X spends twice the time that Y devoted to business. X claims that he should get salary of Rs.6,000 per month for his extra time spent.
(b) Y has provided a capital of Rs. 50,000 whereas X has provided Rs.5,000 only as capital. X, however, has provided Rs.10,000 as loan to the firm. What interest, if any, will be given to X and Y?
(c) X wants to introduce his son Z into his business. Y objects to it.
(d) Y wants that profit should be distributed in the ratio of capitals but X wants it should b distributed equally.

The solution of Question 02 Chapter 2 of +2 Part-: – 

Day - 28 | Questions 1 to 12 | Illustrations 2 - 4 | Partnership Chapter 2 | PSEB Class 12 Accounts
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Accounting Treatment if Partnership Deed Absence
Cases
Treatment
(a) X spends twice the time that Y devoted to business. X claims that he should get the salary of Rs.6,000 per month for his extra time spent. X is not entitled to any salary in the absence of any specific agreement between partners.
(b) Y has provided the capital of Rs. 50,000 whereas X has provided Rs.5,000 only as capital. X, however, has provided Rs.10,000 as a loan to the firm. What interest, if any, will be given to X and Y? No interest in capitals is allowed to X and Y. However, X is entitled to interest on loan @6% p.a.
(c) X wants to introduce his son Z into his business. Y objects to it. No partner can be admitted into a firm unless all the partners agree to it. Thus, Z cannot be admitted as a partner unless Y gives his concent to it.
(d) Y wants that profit should be distributed in the ratio of capitals but X wants it should b distributed equally. In absence of any specific agreement regarding the distribution of the firm’s profits, profits among the partners should be distributed equally.

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Question 01 Chapter 2 of +2 Part-1 – USHA Publication 12 Class Part – 1

Question 02 Chapter 2 of +2 Part-1 – USHA Publication 12 Class Part – 1

Question 03 Chapter 2 of +2 Part-1 – USHA Publication 12 Class Part – 1

Question 04 Chapter 2 of +2 Part-1 – USHA Publication 12 Class Part – 1

Question 05 Chapter 2 of +2 Part-1 – USHA Publication 12 Class Part – 1

Question 06 Chapter 2 of +2 Part-1 – USHA Publication 12 Class Part – 1

Question 07 Chapter 2 of +2 Part-1 – USHA Publication 12 Class Part – 1

Question 08 Chapter 2 of +2 Part-1 – USHA Publication 12 Class Part – 1

Question 09 Chapter 2 of +2 Part-1 – USHA Publication 12 Class Part – 1

Question 10 Chapter 2 of +2 Part-1 – USHA Publication 12 Class Part – 1

Question 11 Chapter 2 of +2 Part-1 – USHA Publication 12 Class Part – 1

Question 12 Chapter 2 of +2 Part-1 – USHA Publication 12 Class Part – 1

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Question 13 Chapter 2 of +2 Part-1 – USHA Publication 12 Class Part – 1

Question 14 Chapter 2 of +2 Part-1 – USHA Publication 12 Class Part – 1

Question 15 Chapter 2 of +2 Part-1 – USHA Publication 12 Class Part – 1

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Question 28 Chapter 2 of +2 Part-1 – USHA Publication 12 Class Part – 1

Question 29 Chapter 2 of +2 Part-1 – USHA Publication 12 Class Part – 1

Question 30 Chapter 2 of +2 Part-1 – USHA Publication 12 Class Part – 1

Question 31 Chapter 2 of +2 Part-1 – USHA Publication 12 Class Part – 1

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Question 39 Chapter 2 of +2 Part-1 – USHA Publication 12 Class Part – 1

Question 40 Chapter 2 of +2 Part-1 – USHA Publication 12 Class Part – 1

Question 41 Chapter 2 of +2 Part-1 – USHA Publication 12 Class Part – 1

Question 42 Chapter 2 of +2 Part-1 – USHA Publication 12 Class Part – 1

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Question 43 Chapter 2 of +2 Part-1 – USHA Publication 12 Class Part – 1

Question 44 Chapter 2 of +2 Part-1 – USHA Publication 12 Class Part – 1

Question 45 Chapter 2 of +2 Part-1 – USHA Publication 12 Class Part – 1

Question 46 Chapter 2 of +2 Part-1 – USHA Publication 12 Class Part – 1

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Question 50 Chapter 2 of +2 Part-1 – USHA Publication 12 Class Part – 1

Question 51 Chapter 2 – USHA Publication 12 Class Part – 1

Question 52 Chapter 2 of +2 Part-1 – USHA Publication 12 Class Part – 1

Question 53 Chapter 2 of +2 Part-1 – USHA Publication 12 Class Part – 1

Question 54 Chapter 2 of +2 Part-1 – USHA Publication 12 Class Part – 1

Question 55 Chapter 2 of +2 Part-1 – USHA Publication 12 Class Part – 1

Question 56 Chapter 2 of +2 Part-1 – USHA Publication 12 Class Part – 1

Question 57 Chapter 2 of +2 Part-1 – USHA Publication 12 Class Part – 1

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Question 58 Chapter 2 of +2 Part-1 – USHA Publication 12 Class Part – 1

Question 59 Chapter 2 of +2 Part-1 – USHA Publication 12 Class Part – 1

Question 60 Chapter 2 of +2 Part-1 – USHA Publication 12 Class Part – 1

Question 61 Chapter 2 of +2 Part-1 – USHA Publication 12 Class Part – 1

Question 62 Chapter 2 of +2 Part-1 – USHA Publication 12 Class Part – 1

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Chapter-Wise Solution of Usha Publication Accountancy – Part 1 Class 12 – Session 2024-25 as per the PSEB curriculum

Check out Solutions to all questions of the every chapter shown as under. The Solution of Accountancy – Part 1 Class 12 – Session 2024-25 is provided as per the new book published by Usha Publication.

Chapter No. 1 – Accounting Not-for-Profit Organisations (Deleted from the Syllabus)

Chapter No. 2 – Partnership Accounts – I (Introduction)

Chapter No. 3 – Partnership Accounts – II (Goodwill: Nature and Valuation)

Chapter No. 4 – Partnership Accounts – III (Reconstitution of Partnership)

Chapter No. 5 – Partnership Accounts – IV (Admission of A Partner)

Chapter No. 6 – Partnership Accounts – V (Retirement and Death of A Partner)

Chapter No. 7 – Partnership Accounts – VI (Dissolution of Partnership Firm)

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Also, Check out our Comprehensive Chapter-wise solution of Advanced Accountancy Part 1 Class 12 by Unimax Publication

Check out Part 2 of both books.

In Class 12th the accountancy has 2 books i.e. Part 1 and Part 2. The Books related to the Part 1 are shown above. but If you want to know more about Part 2, you can check it out from the following links. We have provided the links to both books i.e. Accountancy Part 2 by Usha Publication and Advanced Accountancy Part 2 by Unimax Publication.

1. Accountancy – Part 2 Class 12 – Session 2024-25 By Usha Publication

Accountancy – Part 2 Class 12 – Session 2024-25 – Solution for free

2. Advanced Accountancy Part 2 Class 12 by Unimax Publication

Advanced Accountancy II Part 2 Class 12 – Solution for free

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