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

Question 14 Chapter 2 of +2-Part-1

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

  X Y
Opening Capital 30,000 20,000
Additional Capital 5,000 10,000
Drawings  3,000 2,000
Share in profits 12,000 10,000
Salary 2,000 3,000
Commission 4,000 ……..
Interest on Capital 3,500 3,000
Interest on Drawings 500 300

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
X Y
To Drawings A/c   3,000 2,000 By Balance B/d   30,000 20,000
To Interest on Drawings A/c   500 300 By Cash   5,000 10,000
        By Share in profits   12,000 10,000
        By Interest on Capital A/c   3,500 3,000
        By Salary   2,000 3,000
        By Commission   4,000
To Balance c/d   53,000 43,700        
    56,500 46,000
    56,500 46,000

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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)

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.

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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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