Question 46 Chapter 2 of Class 12 Part – 1 Usha Publication 46. (Profit and loss Appropriation a/c, Fixed and Fluctuating Capital a/c’s) On 1st April, 2016 A and B entered in a partnership contributing Rs.24,000 and Rs.10,000 respectively. According Read More …
Question 45 Chapter 2 of Class 12 Part – 1 Usha Publication 45. (Profit and loss appropriation a/c) A and B are partners sharing profits in the ratio of 3:2 with capital of Rs.25,000 and Rs.15,000 respectively. Interest on capital Read More …
Question 44 Chapter 2 of Class 12 Part – 1 Usha Publication 44. (Profit and loss appropriation a/c) Ramesh and Suresh started a partnership on 1st April 2018 with a capital of Rs.30,000 and Rs.20,000 respectively. Suresh paid in further Read More …
Question 43 Chapter 2 of Class 12 Part – 1 Usha Publication 43. (Profit and loss adjustment a/c) On April 1, 2018 John and Robert commenced business as partners with an initial capital of Rs.20,000 and Rs.30,000 in their respective Read More …
Question 42 Chapter 2 of Class 12 Part – 1 Usha Publication 42. (Fluctuating Capital a/c’s/ Profit & Loss App. A/c) A and B are in partnership sharing profits and losses equally. A’s Capital is Rs.10,000 and B’s Capital is Read More …
Question 41 Chapter 2 of Class 12 Part – 1 Usha Publication 41. (Fixed and Fluctuating Capital a/c’s) On 1st January,2017, A and B entered in a partnership and contributed Rs.40,000 and Rs.30,000 respectively. They share profits and losses in Read More …
Question 40 Chapter 2 of Class 12 Part – 1 Usha Publication 40. (Journal Entries for Commission) Pass Journal Entries for the following(a) Commission @5% payable to partner Mohan on profits before charging his commission. Profits are Rs.50,000.(b) Commission @7% Read More …
Question 39 Chapter 2 of Class 12 Part – 1 Usha Publication 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 Read More …
Question 38 Chapter 2 of Class 12 Part – 1 Usha Publication 38. (Treatment of salary & commission) Fat and Thin are partners in a firm 3:2 ratio. Fat gets a salary of Rs.5,000 p.m. and 10% commission on net Read More …
Question 37 Chapter 2 of Class 12 Part – 1 Usha Publication 37. (Treatment of salary and Commission) Pass Journal Entries for the following transactions and the relevant transfer entries to profit and loss appropriation account :(a) Salary Rs.3,000 p.m. Read More …