# Question 17 Chapter 2 of +2 Part-1 – USHA Publication 12 Class Part – 1

Q-17 - CH-2 - Usha +2 Book 2018 - Solution

Question 17 Chapter 2 of +2-Part-1

17. (Fixed Capital a/c’s) Prepare Current accounts of partner X and Y for the year ended 31st December 2018 from the following information :

 X Y Balance of capital account on 1st Jan 2018 3,00,000 2,00,000 Balance of current accounts on 1st Jan 2018 16,640(Cr.) 4,800(Dr.) Drawings of the partners 2,000 p.m. 1,000 p.m. Interest on Capitals @12% p.a. ? ? Interest on Drawings @ 12% p.a. 1,560 660 Salary of partners 9,000 6,000 Share in a net loss 12,000 8,000

### The solution of Question 17 Chapter 2 of +2 Part-1: –

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

 Partners’ Current Accountfor the year ending 31st December 2018 Particulars X Y Particulars X Y To balance b/d – 4,800 By Balance B/d 16,640 – To Drawings A/c 24,000 12,000 By Interest on Capital A/c 36,000 24,000 To Interest on Drawings A/c 1,560 660 By Salary a/c 9,000 6,000 To share in losses 12,000 8,000 To Balance c/d 24,080 4,540 61,640 30,000 61,640 30,000

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End of Solution

## Check Out the Solution of all questions of this chapter:

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### Question 62 Chapter 2 of +2 Part-1 – USHA Publication 12 Class Part – 1

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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)

## 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