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VDO+ Tag: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 2018 which the firm returned on 31st December 2018. Sunil also gave Rs.1,00,000 as a loan to the firm on 1st November 2018. Meanwhile, wife of Rajan gave a loan of Rs.50,000 to the firm @10% on 1st January 2019. Partnership Deed is silent on interest on a loan of a partner. Calculate interest on Loan of Partner and Mrs Partner.
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Video Tag:The solution of Question 10 Chapter 2 of Class 12 Part – 1 Usha Publication: –
We are providing a solution of Question 10 Chapter 2 of Class 12 Part – 1 Usha Publication in two formats. one is in Video format and another is in article format. Check out both formats as follows:
1. Check out the Solution of this question in Video Format:-
The video consists solution of question numbers from 1 to 12 Chapter no. 2 class 12 of Usha publication. To check the direct solution of question no. 10 from the following video by using time stamps of the video.
2. Check out the Solution of this question in Article Format: –
Interest on Loan:
Payable to Rajan for 9 months = 2,00,000 x 6/100 x 9/12 = Rs.9,000
Payable to Sunil for 5 months = 1,00,000 x 6/100 x 5/12 = Rs.2,500
Payable to Mrs. Rajan for 3 months = 50,000 x 10/100 x 3/12 = Rs.1,250
End of Solution
Check Out the Solution of all questions of this chapter:
The solution to all questions of Chapter No. 2 – Partnership Accounts – I (Basic Concepts) Class 12 Usha Publication – 2024 is shown as follows, click on the image of the question to get the solution.
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Chapter-Wise Solution of Usha Publication Accountancy – Part 1 Class 12 – Session 2024-25 as per the PSEB curriculum
Check out Solutions to all questions of the every chapter shown as under. The Solution of Accountancy – Part 1 Class 12 – Session 2024-25 is provided as per the new book published by Usha Publication.
Chapter No. 1 – Accounting Not-for-Profit Organisations (Deleted from the Syllabus)
Chapter No. 2 – Partnership Accounts – I (Introduction)
Chapter No. 3 – Partnership Accounts – II (Goodwill: Nature and Valuation)
Chapter No. 4 – Partnership Accounts – III (Reconstitution of Partnership)
Chapter No. 5 – Partnership Accounts – IV (Admission of A Partner)
Chapter No. 6 – Partnership Accounts – V (Retirement and Death of A Partner)
Chapter No. 7 – Partnership Accounts – VI (Dissolution of Partnership Firm)
Also, Check out our Comprehensive Chapter-wise solution of Advanced Accountancy Part 1 Class 12 by Unimax Publication
- Chapter No. 1 – Accounts of Non-Profit Organisations (Deleted from the Syllabus)
- Chapter No. 2 – Partnership Accounts – I (Basic Concepts)
- Chapter No. 3 – Partnership Accounts – II (Goodwill)
- Chapter No. 4 – Partnership Accounts – III (Change in Profit Sharing Ratio among Existing Partners)
- Chapter No. 5 – Partnership Accounts – IV (Admission of A Partner)
- Chapter No. 6 – Partnership Accounts – V (Retirement and Death of A Partner)
- Chapter No. 7 – Partnership Accounts – VI (Dissolution of Partnership Firm)
Check out Part 2 of both books.
In Class 12th the accountancy has 2 books i.e. Part 1 and Part 2. The Books related to the Part 1 are shown above. but If you want to know more about Part 2, you can check it out from the following links. We have provided the links to both books i.e. Accountancy Part 2 by Usha Publication and Advanced Accountancy Part 2 by Unimax Publication.
1. Accountancy – Part 2 Class 12 – Session 2024-25 By Usha Publication
2. Advanced Accountancy Part 2 Class 12 by Unimax Publication