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

Posted by By Shubham Sharma 1 Min Read July 12, 2024
Question 08 Chapter 2 of +2- Part-
Q-8 - CH-2 - Usha +2 Book 2018 - Solution

Question 08 Chapter 2 of +2-Part-1

8. (Interest on Loan) Ranjit and Surjit share profits in 2:1 ratio. Ranjit gave Loan Rs.30,000 to the firm on 1st April 2018 and Surjit gave loan Rs.50,000 on 1st October 2018. Find out the interest on the loan for the year ended 31st March 2019, assuming there is no agreement.

The solution of Question 08 Chapter 2 of +2 Part-1: – 

Day - 28 | Questions 1 to 12 | Illustrations 2 - 4 | Partnership Chapter 2 | PSEB Class 12 Accounts
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Interest on Loan:

Ranjit (for one year) = 30,000 x 6/100 = Rs.1,800
Surjit (for 6 months) = 50,000 x 6/100 x 6/12 = Rs.1,500

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

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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

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

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Question 11 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

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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

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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)

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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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