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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 …
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 …
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