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

Question 09 Chapter 2 of +2- Part-

Question 09 Chapter 2 of +2-Part-1

9 (Interest on Loan) Dhoni and Harbhajan advanced Rs.1,50,000 to the firm in their profit ratio which is 2:1. There is no agreement between the partners. Find out interest on the loan for the year.

 

The solution of Question 09 Chapter 2 of +2 Part-1

: – 

Interest on Loan:
Total Loan = Rs.1,50,000
Dhoni Share = Rs.1,50,000*2/3 = Rs.1,00,000
Interest to Dhoni = Rs.1,00,000*6/100= Rs.6,000

Harbhajan’s Share = Rs.1,50,000*1/3 = Rs.50,000
Interest to Harbhajan = Rs. 50,000*6/12 = Rs.3,000

 

 

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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

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2 Book 1 min - Question 09 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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