Question 36 Chapter 2 of Class 12 Part – 1 Usha Publication 36. (Profit & Loss App. A/c / Interest on Loan) A, B and C are partners in 6:3:1 ratio. They earned profit Rs.96,000 before providing for interest on Read More …
Question 35 Chapter 2 of Class 12 Part – 1 Usha Publication 35. (Interest on Laon/Different cases) Sad and Happy are partners in 2:1 ratio. On 1st April,2016 they gave loan of Rs.50,000 and Rs.40,000 to the firm. Show the Read More …
Question 34 Chapter 2 of Class 12 Part – 1 Usha Publication 34. (Interest on Loan) Partner Raman has advanced loan Rs.70,000 to the firm on 1st July,2016. Interest is payable to him @12% p.a. Pass Journal Entries for the Read More …
Question 33 Chapter 2 of Class 12 Part – 1 Usha Publication 33. (Profit & Loss App. A/c / Current a/c/ Interest on Drawings) A B and C are partners with fixed capitals of Rs.30,000. Rs.20,000 and Rs.10,000 respectively. They Read More …
Question 32 Chapter 2 of Class 12 Part – 1 Usha Publication 32. (Interest on Drawings/ Different situations) Mr. X and Y started business on 1st Jan 2017 with capitals of Rs.3,00,000 and 1,80,000 respectively. Calculate the interest on drawings Read More …
Question 31 Chapter 2 of Class 12 Part – 1 Usha Publication 31. (One partner’s interest is calculated for one year and other partners’ for half year) A and B and C are partners in 3:2:1. They made the drawings Read More …
Question 30 Chapter 2 of Class 12 Part – 1 Usha Publication 30. (Interest on Drawings/ Product Method) During the year ended 31-3-2017, a partner made the following drawings:April 30 – 2,000July 1 – 5,000October 31 – 4,000March 1 – Read More …
Question 29 Chapter 2 of Class 12 Part – 1 Usha Publication 29. (Interest on Drawings/Drawings at beginning, middle and end of each month) A and B are partners in a firm. Their monthly drawings are Rs.2,000 each. Interest on Read More …
Question 28 Chapter 2 of Class 12 Part – 1 Usha Publication 28. (Interest on Drawings/Evenly throughout the year) A and B are partners in a firm. They share profits and losses in the ratio of 3:2. As per their Read More …
Question 27 Chapter 2 of Class 12 Part – 1 Usha Publication 27. Money and Rupee are partners sharing profits in the ratio of 2:1. Their capitals were Rs.1,20,000 and Rs. 90,000 respectively.Show the distribution of profits/losses in each of Read More …