Question 26 Chapter 2 of Class 12 Part – 1 Usha Publication 26. (Interest on Capital/Drawings & Profits given) From the following balance sheet of Rich and Poor, calculate interest on capital @10% p.a. for the year ended 31-3-17. Ads Read More …
Question 25 Chapter 2 of Class 12 Part – 1 Usha Publication 25. (Interest is a charge) P and Q are partners. They share profits in 2:1 ratio. As per the partnership, they are to get interested on capital @10% Read More …
Question 24 Chapter 2 of Class 12 Part – 1 Usha Publication 24. (Interest as a charge) A and B have a capital of Rs.30,000 and Rs.40,000 respectively and they shared profit in capital ratio. As per agreement interest on Read More …
Question 23 Chapter 2 of Class 12 Part – 1 Usha Publication 23. (Interest on Capital/Opening Capital Missing) Capital of A and B at the end of year 31.03.2017 were Rs.70,000 and Rs.1,00,000 respectively. Their drawings were Rs.30,000 and Rs.20,000 Read More …
Question 22 Chapter 2 of Class 12 Part – 1 Usha Publication 22. (Interest on Capital) The following is the information available from the books of a firm: Ads loading… M N Capital on 1-4-2017 80,000 1,00,000 Additional Capital Read More …
Question 21 Chapter 2 of Class 12 Part – 1 Usha Publication 21. (Interest on Capital/Journal Entry) X and Y are in partnership with the ratio of 3:2. They are allowed interest on capital @12% p.a. on the opening capital Read More …
Question 20 Chapter 2 of Class 12 Part – 1 Usha Publication 20. (Calculation of interest on Capital) A and B started business on 1-4-2018 with capitals of Rs.60,000 and Rs.40,000 respectively. During the year, A introduced Rs.10,000 to the Read More …
Question 19 Chapter 2 of Class 12 Part – 1 Usha Publication 19. (Interest on Capital/Journal Entry) C and D have capital of Rs.70,000 and Rs.90,000 on 1st April 2014. C made an addition of Rs.40,000 to his capital on Read More …
Question 18 Chapter 2 of Class 12 Part – 1 Usha Publication 18. (Interest on Capital/Journal Entry) Mand N have a capital of Rs.1,00,000 and Rs.50,000 on 1st April 2017. Interest on capital is allowed @ 10% p.a. Find out Read More …
Question 17 Chapter 2 of Class 12 Part – 1 Usha Publication 17. (Fixed Capital a/c’s) Prepare Current accounts of partner X and Y for the year ended 31st December 2018 from the following information : Ads loading… X Read More …