Question 39 Chapter 2 of +2 Part-1 – USHA Publication 12 Class Part – 1

Posted by By Shubham Sharma 3 Min Read July 12, 2024
Question 39 Chapter 2 of +2- Part-
Q-39 - CH-2 - Usha +2 Book 2018 - Solution

Question 39 Chapter 2 of +2-Part-1

39. (Treatment of salary & commission) X,Y and Z are in partnership sharing profits equally and during the year 2018-19 earn a profit of Rs.1,15,000. X and Y are entitled to 10% on interest on their capital of Rs.1,00,000 and Rs.1,50,000 respectively while Z, who has no capital in the firm is entitled to a salary of Rs.10,000 p.a. Z is also entitled to commission of 6% on the profits charging Interest, Salary and commission. Prepare profit and loss appropriation for the year ended 31st March 2019.

The solution of Question 39 Chapter 2 of +2 Part-1: – 

Day - 41 | Questions of Partners Salary, Commission & Fees | Partnership - I Accounts class 12 |
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Profit and Loss Account A/c
Particulars
 Amount Particulars
 Amount
To Interest on Capital :     By net profit   1,15,000

– X                                                       10000

   25000      
– Y                                                      15000          
To Z’s Salary   10000      
To Commission Agents
6% on(1,15,000-35,000=80,000*6/106)		   4528      
To Net profit transferred to:   75,472      
    1,15,000     1,15,000

Working Note:-

Calculation of amount of Z’s Commission :

= Net Profit before Commission x Rate of Commission / 100 + Rate of Commission

Profit after all Appropriations After Commission
= ₹ 1,15,000 – ₹ 25,000 – ₹ 10,000
= ₹ 1,08,000

= ₹ 1,08,000 x 6 / 106

= ₹ 4,528

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Question 01 Chapter 2 of +2 Part-1 – USHA Publication 12 Class Part – 1

Question 02 Chapter 2 of +2 Part-1 – USHA Publication 12 Class Part – 1

Question 03 Chapter 2 of +2 Part-1 – USHA Publication 12 Class Part – 1

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Question 10 Chapter 2 of +2 Part-1 – USHA Publication 12 Class Part – 1

Question 11 Chapter 2 of +2 Part-1 – USHA Publication 12 Class Part – 1

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

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Question 15 Chapter 2 of +2 Part-1 – USHA Publication 12 Class Part – 1

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

Question 23 Chapter 2 of +2 Part-1 – USHA Publication 12 Class Part – 1

Question 24 Chapter 2 of +2 Part-1 – USHA Publication 12 Class Part – 1

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Question 26 Chapter 2 of +2 Part-1 – USHA Publication 12 Class Part – 1

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Question 27 Chapter 2 of +2 Part-1 – USHA Publication 12 Class Part – 1

Question 28 Chapter 2 of +2 Part-1 – USHA Publication 12 Class Part – 1

Question 29 Chapter 2 of +2 Part-1 – USHA Publication 12 Class Part – 1

Question 30 Chapter 2 of +2 Part-1 – USHA Publication 12 Class Part – 1

Question 31 Chapter 2 of +2 Part-1 – USHA Publication 12 Class Part – 1

Question 32 Chapter 2 of +2 Part-1 – USHA Publication 12 Class Part – 1

Question 33 Chapter 2 of +2 Part-1 – USHA Publication 12 Class Part – 1

Question 34 Chapter 2 of +2 Part-1 – USHA Publication 12 Class Part – 1

Question 35 Chapter 2 of +2 Part-1 – USHA Publication 12 Class Part – 1

Question 36 Chapter 2 of +2 Part-1 – USHA Publication 12 Class Part – 1

Question 37 Chapter 2 of +2 Part-1 – USHA Publication 12 Class Part – 1

Question 38 Chapter 2 of +2 Part-1 – USHA Publication 12 Class Part – 1

Question 39 Chapter 2 of +2 Part-1 – USHA Publication 12 Class Part – 1

Question 40 Chapter 2 of +2 Part-1 – USHA Publication 12 Class Part – 1

Question 41 Chapter 2 of +2 Part-1 – USHA Publication 12 Class Part – 1

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Question 42 Chapter 2 of +2 Part-1 – USHA Publication 12 Class Part – 1

Question 43 Chapter 2 of +2 Part-1 – USHA Publication 12 Class Part – 1

Question 44 Chapter 2 of +2 Part-1 – USHA Publication 12 Class Part – 1

Question 45 Chapter 2 of +2 Part-1 – USHA Publication 12 Class Part – 1

Question 46 Chapter 2 of +2 Part-1 – USHA Publication 12 Class Part – 1

Question 47 Chapter 2 of +2 Part-1 – USHA Publication 12 Class Part – 1

Question 48 Chapter 2 of +2 Part-1 – USHA Publication 12 Class Part – 1

Question 49 Chapter 2 of +2 Part-1 – USHA Publication 12 Class Part – 1

Question 50 Chapter 2 of +2 Part-1 – USHA Publication 12 Class Part – 1

Question 51 Chapter 2 – USHA Publication 12 Class Part – 1

Question 52 Chapter 2 of +2 Part-1 – USHA Publication 12 Class Part – 1

Question 53 Chapter 2 of +2 Part-1 – USHA Publication 12 Class Part – 1

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Question 55 Chapter 2 of +2 Part-1 – USHA Publication 12 Class Part – 1

Question 56 Chapter 2 of +2 Part-1 – USHA Publication 12 Class Part – 1

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Question 57 Chapter 2 of +2 Part-1 – USHA Publication 12 Class Part – 1

Question 58 Chapter 2 of +2 Part-1 – USHA Publication 12 Class Part – 1

Question 59 Chapter 2 of +2 Part-1 – USHA Publication 12 Class Part – 1

Question 60 Chapter 2 of +2 Part-1 – USHA Publication 12 Class Part – 1

Question 61 Chapter 2 of +2 Part-1 – USHA Publication 12 Class Part – 1

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)

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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)

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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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