Question 13 Chapter 2 of +2 Part-1 – USHA Publication 12 Class Part – 1

Question 13 Chapter 2 of +2- Part-

Question 13 Chapter 2 of +2-Part-1

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

 

 

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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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Vol. I: Accounting for Not-for-Profit Organizations and Partnership Firms

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