Question 54 Chapter 6 of +2 Part-1 – USHA Publication 12 Class Part – 1

Posted by By Shubham Sharma 2 Min Read July 12, 2024
Question 54 Chapter 6 of +2- Part
Q-54. - CH-6 - Usha +2 Book 2018 - Solution

Question 54 Chapter 6 of +2-Part-1

54 (Journalisation of Joint Life Policy) A, B and C are equal partners. They took out a joint life policy for Rs. 18,000 at an annual premium of Rs. 700. B died on 1-2-2016. Joint life policy account appears at Rs. 1,800 in the firm’s books on the day of B’s death, Policy amount was duly received.
Give necessary journal entries.

The solution of Question 54 Chapter 6 of +2 Part-1: –

Day - 140 | Solution of Questions 52 to 54 Death of a Partner Chapter 6 Accounts class 12 PSEB
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Journal
Date   Particulars
 L.F. Debit Credit
1-2-16 Insurance Co. A/c Dr.   18,000  
  To Joint Life Policy A/c       18,000
  (Being policy due from insurance Co.)        
           
1-2-16 Joint Life Policy A/c Dr.   16,200  
  To A’s capital A/c       5,400
  To B’s capital A/c       5,400
  To C’s capital A/c       5,400
  (Being profit on J.L.P. distributed )        
         

Comment if you have any questions.

End of Solution

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Question 01 Chapter 6 of +2 Part-1 – USHA Publication 12 Class Part – 1

Question 02 Chapter 6 of +2 Part-1 – USHA Publication 12 Class Part – 1

Question 03 Chapter 6 of +2 Part-1 – USHA Publication 12 Class Part – 1

Question 04 Chapter 6 of +2 Part-1 – USHA Publication 12 Class Part – 1

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Question 05 Chapter 6 of +2- Part- 1 of USHA Publication Part – 1

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Question 09 Chapter 6 of +2 Part-1 – USHA Publication 12 Class Part – 1

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Question 11 Chapter 6 of +2 Part-1 – USHA Publication 12 Class Part – 1

Question 12 Chapter 6 of +2 Part-1 – USHA Publication 12 Class Part – 1

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Question 13 Chapter 6 of +2 Part-1 – USHA Publication 12 Class Part – 1

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Question 15 Chapter 6 of +2 Part-1 – USHA Publication 12 Class Part – 1

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Question 21 Chapter 6 of +2 Part-1 – USHA Publication 12 Class Part – 1

Question 22 Chapter 6 of +2 Part-1 – USHA Publication 12 Class Part – 1

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Question 24 Chapter 6 of +2 Part-1 – USHA Publication 12 Class Part – 1

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Question 25 Chapter 6 of +2 Part-1 – USHA Publication 12 Class Part – 1

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Question 27 Chapter 6 of +2 Part-1 – USHA Publication 12 Class Part – 1

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Question 28 Chapter 6 of +2 Part-1 – USHA Publication 12 Class Part – 1

Question 29 Chapter 6 of +2 Part- 1 – USHA Publication 12 Class

Question 30 Chapter 6 of +2 Part-1 – USHA Publication 12 Class Part – 1

Question 31 Chapter 6 of +2 Part-1 – USHA Publication 12 Class Part – 1

Question 32 Chapter 6 of +2 Part-1 – USHA Publication 12 Class Part – 1

Question 33 Chapter 6 of +2 Part- 1 – USHA Publication

Question 34 Chapter 6 of +2 Part-1 – USHA Publication 12 Class Part – 1

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Question 35 Chapter 6 of +2 Part-1 – USHA Publication 12 Class Part – 1

Question 36 Chapter 6 of +2 Part-1 – USHA Publication 12 Class Part – 1

Question 37 Chapter 6 of +2 Part-1 – USHA Publication 12 Class Part – 1

Question 38 Chapter 6 of +2 Part-1 – USHA Publication 12 Class Part – 1

Question 39 Chapter 6 of +2 Part- 1 – USHA Publication

Question 40 Chapter 6 of +2 Part-1 – USHA Publication 12 Class Part – 1

Question 42 Chapter 6 of +2 Part- 1 – USHA Publication

Question 43 Chapter 6 of +2 Part- 1 – USHA Publication

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Question 44 Chapter 6 of +2 Part-1 – USHA Publication

Question 47 Chapter 6 of +2 Part-1 – USHA Publication 12 Class Part – 1

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Question 48 Chapter 6 of +2 Part-1 – USHA Publication 12 Class Part – 1

Question 49 Chapter 6 of +2 Part-1 – USHA Publication 12 Class Part – 1

Question 50 Chapter 6 of +2 Part-1 – USHA Publication 12 Class Part – 1

Question 51 Chapter 6 of +2 Part-1 – USHA Publication 12 Class Part – 1

Question 52 Chapter 6 of +2 Part-1 – USHA Publication 12 Class Part – 1

Question 53 Chapter 6 of +2 Part-1 – USHA Publication 12 Class Part – 1

Question 54 Chapter 6 of +2 Part-1 – USHA Publication 12 Class Part – 1

Question 55 Chapter 6 of +2 Part-1 – USHA Publication 12 Class Part – 1

Question 56 Chapter 6 of +2 Part-1 – USHA Publication 12 Class Part – 1

Question 57 Chapter 6 of +2 Part- 1 – USHA Publication

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Question 58 Chapter 6 of +2 Part-1 – USHA Publication 12 Class Part – 1

Question 59 Chapter 6 of +2 Part-1 – USHA Publication 12 Class Part – 1

Question 60 Chapter 6 of +2 Part-1 – USHA Publication 12 Class Part – 1

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Question 61 Chapter 6 of +2 Part- 1 – USHA Publication

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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.

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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

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

Accountancy – Part 2 Class 12 – Session 2024-25 – Solution for free

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