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

Q-60 - CH-2 - Usha +2 Book 2018 - Solution

Question 60 Chapter 2 of +2-Part-1

60. (Capital ratio/ interest on capital) X and Y commenced business on 1st Jan.2014 with capitals of Rs2,00,000 and Rs.1,00,000 respectively. They decided to share profits in their capital ratio. You are required to calculate the capital ratio on the basis of the following information:

 Capital Introduced Capital Withdrawn X Y X Y 31st March 2014 – 20,000 10,000 – 30th June 2014 40,000 – – 10,000 30th September 2014 – 30,000 20,000 – 1st Nov 2014 – 10,000 30,000 – 1st Dec 2014 20,000 – – 20,000

Also, calculate interest on capital if it is 12% p.a.

## The solution of Question 60 Chapter 2 of +2 Part-1: –

Day - 49 | Questions of Partnership - I | Accounts class 12 | PSEB | Sarbjit Singh |

 Calculation of Capital ratio: X Date Capital(A) Months(B) Product(C=A*B) 1-1-14 2,00,000 3 6,00,000 31-3-14 1,90,000 3 5,70,000 30-6-14 230000 3 6,90,000 30-9-14 210000 1 2,10,000 1-11-14 180000 1 1,80,000 1-12-14 200000 1 2,00,000 24,50,000

 Calculation of Capital ratio: Y Date Capital(A) Months(B) Product(C=A*B) 1-1-14 1,00,000 3 3,00,000 31-3-14 1,20,000 3 3,60,000 30-6-14 1,10,000 3 3,30,000 30-9-14 1,40,000 1 1,40,000 1-11-14 1,50,000 1 1,50,000 1-12-14 1,30,000 1 1,30,000 14,10,000

Capital ratio : 24,50,000: 14,10,000 or 245:141

Working Note: –

1. Interest on capital:

 X = 24,50,000 X 12 X 1 100 12 = 24,500/-

 Y = 14,10,000 X 12 X 1 100 12 = 14,100/-

Comment if you have any questions.

End of Solution

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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