Question 13 Chapter 2 of +2-Part-1
Table of Contents
13. (Capital a/c’s) Show how the following items will be recorded in the capital account of partners:
| Raja | Rani | |
| Opening Capital | 25,000 | 40,000 |
| Drawings during the year | 4,000 | 6,000 |
| Interest on Capital | 2,500 | 4,000 |
| Interest on Drawings | 400 | 500 |
| Salary | 6,000 | ….. |
| Commission | …… | 8,000 |
The solution of Question 13 Chapter 2 of +2 Part-1: –
| Partners’ Capital Accounts | |||||||
| Particulars |
Raja | Rani | Particulars |
Raja | Rani | ||
| To Drawings A/c | 4,000 | 6,000 | By Balance B/d | 25,000 | 40,000 | ||
| To Interest on Drawings A/c | 400 | 500 | By Interest on Capital A/c | 2,500 | 4,000 | ||
| By Salary | 6,000 | – | |||||
| By Commission | – | 8,000 | |||||
| To Balance c/d | 29,100 | 45,500 | |||||
| 33,500 | 52,000 |
33,500 | 52,000 |
||||
Thanks, Please Like and share with your friends
Comment if you have any questions.
Also, Check out the solved question of previous Chapters: –
Usha Publication – Accountancy PSEB (Class 12) – Volume I – Solution
- Chapter No. 1 – Accounting Not for Profit Organisations
- 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)
- Chapter No. 6 – Partnership Accounts – V (Retirement and Death of A Partner)
- Chapter No. 7 – Partnership Accounts – VI (Dissolution of Partnership Firm)
- Chapter No. 8 – Company Accounts (Share Capital)
- Chapter No. 9 – Company Accounts (Issue of Debentures)
- Chapter No. 10 – Company Accounts (Redemption of Debentures)
Usha Publication – Accountancy PSEB (Class 12) – Volume II – Solution
- Chapter No. 1 – Financial Statements of a Company
- Chapter No. 2 – Financial Statement Analysis
- Chapter No. 3 – Tools of Financial Statement Analysis- Comparative and Common Size
- Chapter No. 4 – Ratio Analysis
- Chapter No. 5 – Cash Flow Statement
Check out T.S. Grewal +2 Book 2020@ Official Website of Sultan Chand Publication
