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Question 14 Chapter 2 of +2 Part-1 – USHA Publication 12 Class Part – 1

Question 14 Chapter 2 of +2- Part-
Q-14 - CH-2 - Usha +2 Book 2018 - Solution

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Question 14 Chapter 2 of +2-Part-1

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14. (Capital a/c’s) Prepare Capital accounts of partner X and Y:

 XY
Opening Capital30,00020,000
Additional Capital5,00010,000
Drawings 3,0002,000
Share in profits12,00010,000
Salary2,0003,000
Commission4,000……..
Interest on Capital3,5003,000
Interest on Drawings500300

The solution of Question 14 Chapter 2 of +2 Part-1: – 

Day 31 | Practical Problems No.3, 4, 13, 14, 15, & 17 | Partnership - I Accounts Class 12 | PSEB |

Partners’ Capital Accounts 
Particulars
X Y Particulars
XY
To Drawings A/c 3,0002,000By Balance B/d 30,00020,000
To Interest on Drawings A/c 500300By Cash 5,00010,000
    By Share in profits 12,00010,000
    By Interest on Capital A/c 3,5003,000
    By Salary 2,0003,000
    By Commission 4,000
To Balance c/d  53,00043,700    
  56,50046,000
  56,50046,000

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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)

Also, Check out our Comprehensive Chapter-wise solution of Advanced Accountancy Part 1 Class 12 by Unimax Publication

Check out Part 2 of both books.

In Class 12th the accountancy has 2 books i.e. Part 1 and Part 2. The Books related to the Part 1 are shown above. but If you want to know more about Part 2, you can check it out from the following links. We have provided the links to both books i.e. Accountancy Part 2 by Usha Publication and Advanced Accountancy Part 2 by Unimax Publication.

1. Accountancy – Part 2 Class 12 – Session 2024-25 By Usha Publication

2. Advanced Accountancy Part 2 Class 12 by Unimax Publication

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