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Question 22 Chapter 2 of +2 Part-1 – USHA Publication 12 Class Part – 1

Question 22 Chapter 2 of +2- Part-
Q-22 - CH-2 - Usha +2 Book 2018 - Solution

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Question 22 Chapter 2 of +2-Part-1

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22. (Interest on Capital) The following is the information available from the books of a firm:

 MN
Capital on 1-4-201780,0001,00,000
Additional Capital on 1-7-201720,000…..
Loan to firm…..10,000
Drawings 10,0005,000
Interest on Capital12% p.a.12% p.a.

Find out interest on capital up to 31-3-2018

The solution of Question 22 Chapter 2 of +2 Part-1: – 

Day 35 | Question No.18 19 20 21 22 23 24 25 26 27 28 | Partnership - I Accounts Class 12 | PSEB |

 
 Particulars
DetailsAmount
  Interest on M’s Capital:  
 On 80,000 @12% for 1 year (80,000 x 12/100)9,600 
 On 20,000 @12% for 9 Months(20,000 x 12/100 x 9/12)1,80011,400
  Interest on B’s Capital:  
 On 1,00,000 @10% for 1 year (1,00,000 x 12/100) 12,000

 

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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)

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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.

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

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2. Advanced Accountancy Part 2 Class 12 by Unimax Publication

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