Question 16 Chapter 2 of Class 12 Part – 1 Usha Publication 16. (Capital a/c’s/Interest on Drawings) Prepare Capital accounts of partners Muthu and Krishnan from the following information, assuming that their capitals are fluctuating: Ads loading… Muthu Krishnan Read More …
Question 15 Chapter 2 of Class 12 Part – 1 Usha Publication 15. (Journal Entries) Pass Journal Entries in the following cases:(a) Profit Rs.25,000 distributed between A and B IN 3:2 ratio.(b) Partners A gets salary Rs.8,000 and B gets Read More …
Question 14 Chapter 2 of Class 12 Part – 1 Usha Publication 14. (Capital a/c’s) Prepare Capital accounts of partner X and Y: Ads loading… X Y Opening Capital 30,000 20,000 Additional Capital 5,000 10,000 Drawings 3,000 2,000 Share Read More …
Question 13 Chapter 2 of Class 12 Part – 1 Usha Publication 13. (Capital a/c’s) Show how the following items will be recorded in the capital account of partners: Ads loading… Raja Rani Opening Capital 25,000 40,000 Drawings during Read More …
Question 12 Chapter 2 of Class 12 Part – 1 Usha Publication 12. (Interest on Loan) Partner Rehman gave a personal loan to his partner friend Harish Rs.1,00,000. Calculate interest. Ads loading… The solution of Question 12 Chapter 2 of Read More …
Question 11 Chapter 2 of Class 12 Part – 1 Usha Publication 11. (Interest on Loan) As per the information provided by Dara and Gala, partners in a firm in Jammu, they do not have an agreement on the sharing Read More …
Question 10 Chapter 2 of Class 12 Part – 1 Usha Publication 10. (Interest on Loan) Rajan and Sunil are partners in a chemist shop in 3:1 ratio. Rajan gave a loan of Rs.2,00,000 to the firm on 1st April Read More …
Question 9 Chapter 2 of Class 12 Part – 1 Usha Publication 9. (Interest on Loan) Dhoni and Harbhajan advanced Rs.1,50,000 to the firm in their profit ratio which is 2:1. There is no agreement between the partners. Find out Read More …
Question 8 Chapter 2 of Class 12 Part – 1 Usha Publication 8. (Interest on Loan) Ranjit and Surjit share profits in 2:1 ratio. Ranjit gave Loan Rs.30,000 to the firm on 1st April 2018 and Surjit gave loan Rs.50,000 Read More …
Question 7 Chapter 2 of Class 12 Part – 1 Usha Publication 7. (No Partnership Deed) Komal and Ahmed are partners in 3:2 ratio. They contributed capital of Rs.80,000 and Rs.60,000. Komal gave loan to the firm Rs.20,000 on 1st Read More …