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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 : Advertisement Video Tag: Read More …
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: Advertisement Video Tag: Muthu 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: Advertisement Video Tag: X Y Opening Capital 30,000 20,000 Additional Capital 5,000 10,000 Drawings 3,000 2,000 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: Advertisement Video Tag: Raja Rani Opening Capital 25,000 40,000 Drawings 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. Advertisement Video Tag: The solution of Question 12 Chapter 2 Read More …
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