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

Question 07 Chapter 2 of +2- Part-

Question 07 Chapter 2 of +2-Part-1

7. (No Partnership Deed) Komal and Ahmed are partners in 3:2 ratio. They contributed capital of Rs.80,000 and Rs.60,000. Komal gave loan to the firm Rs.20,000 on 1st April,2019. There is no partnership deed. Find out interest on capital and loan.

 

The solution of Question 07 Chapter 2 of +2 Part-1

: – 

Interest on Loan payable to Komal:

= 20,000*6/100 = Rs.1200

Note: No interest on capital is to be allowed as there is no partnership deed.

 

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Also, Check out the solved question of previous Chapters: –

Usha Publication – Accountancy PSEB (Class 12) – Volume I – Solution

Usha Publication – Accountancy PSEB (Class 12) – Volume II – Solution

Check out T.S. Grewal +2 Book 2020@ Official Website of Sultan Chand Publication

2 Book 1 min - Question 07 Chapter 2 of +2 Part-1 - USHA Publication  12 Class Part - 1
Vol. I: Accounting for Not-for-Profit Organizations and Partnership Firms

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