Question 07 Chapter 2 of +2 Part-1 - USHA Publication 12 Class 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 x 6/100 = ₹ 1,200

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

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

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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)

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