# Question 22 Chapter 2 of Class 12 Part – 1 Usha Publication

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:

 M N Capital on 1-4-2017 80,000 1,00,000 Additional Capital on 1-7-2017 20,000 ….. Loan to firm ….. 10,000 Drawings 10,000 5,000 Interest on Capital 12% p.a. 12% p.a.

Find out interest on capital up to 31-3-2018

## The solution of Question 22 Chapter 2 of Class 12 Part – 1 Usha Publication: –

We are providing a solution of Question 22 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 questions numbers 18 to 28 Chapter No. 2 class 12 of Usha publication. To check the direct solution of question no. 22 from the following video by using time stamps of the video.

Day 35 | Question No.18 19 20 21 22 23 24 25 26 27 28 | Partnership - I Accounts Class 12 | PSEB |

### 2. Check out the Solution of this question in Article Format: –

 Particulars Details Amount Interest on M’s Capital: On 80,000 @12% for 1 year (80,000 x 12/100) 9,600 On 20,000 @12% for 9 Months(20,000 x 12/100 x 9/12) 1,800 11,400 Interest on B’s Capital: On 1,00,000 @10% for 1 year (1,00,000 x 12/100) 12,000

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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### Download a PDF of Chapter No. 2 – Partnership Accounts – I (Introduction):

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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)

## 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