Question 29 Chapter 6 of Class 12 Part – 1 Usha Publication

Question 29 Chapter 6 of Class 12 Part – 1 Usha Publication

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Question 29 Chapter 6 of Class 12 Part – 1 Usha Publication

29. (JLP A/c Closed) Joint life policy Rs. 35,000 and reserve against this appear in the Balance Sheet of A, B and C who share profits in 3 : 2 : 2 ratio. A retires and it was decided to close these accounts. Journalise.

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The solution of Question 29 Chapter 6 of Class 12 Part – 1 Usha Publication: –

We are providing a solution of Question 29 Chapter 6 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 number 24 to 29 Chapter no. 6 class 12 of Usha publication. To check the direct solution of question no. 29 from the flowing video by using time stamps of the video.

Day - 126 | Solution of Questions 24 to 29 Retirement of a Partner Chapter 6 Accounts class 12 PSEB

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

Journal
Date   Particulars
L.F. Debit Credit
  Join life policy reserve A/c Dr.   35,000  
  To joint life policy A/c       35,000
  (Being joint life policy & reserved A/c s closed )        
         

 

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Check Out the Solution of all questions of this chapter:

The solution to all questions of Ch 6 Partnership Accounts V (Retirement and Death of A Partner) Class 12 Usha Publication – 2024 is shown as follows, click on the image of the question to get the solution.

Question 1 Chapter 6 of Class 12 Part – 1 Usha Publication

Question 13 Chapter 6 of Class 12 Part – 1 Usha Publication

Question 25 Chapter 6 of Class 12 Part – 1 Usha Publication

Question 37 Chapter 6 of Class 12 Part – 1 Usha Publication

Question 50 Chapter 6 of Class 12 Part – 1 Usha Publication

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Download a PDF of Ch 6 Partnership Accounts V (Retirement and Death of A Partner):

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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

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

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