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

Q-10 - CH-2 - Usha +2 Book 2018 - Solution

Question 10 Chapter 2 of +2-Part-1

10. (Interest on Loan) Rajan and Sunil are partners in a chemist shop in 3:1 ratio. Rajan gave a loan of Rs.2,00,000 to the firm on 1st April 2018 which the firm returned on 31st December 2018. Sunil also gave Rs.1,00,000 as a loan to the firm on 1st November 2018. Meanwhile, wife of Rajan gave a loan of Rs.50,000 to the firm @10% on 1st January 2019. Partnership Deed is silent on interest on a loan of a partner. Calculate interest on Loan of Partner and Mrs Partner.

### The solution of Question 10 Chapter 2 of +2 Part-1: –

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

Interest on Loan:
Payable to Rajan for 9 months = 2,00,000 x 6/100 x 9/12 = Rs.9,000
Payable to Sunil for 5 months = 1,00,000 x 6/100 x 5/12 = Rs.2,500

Payable to Mrs. Rajan for 3 months = 50,000 x 10/100 x 3/12 = Rs.1,250

Comment if you have any questions.