Advertisement Question 43 Chapter 2 – Class 12 Part 1 Unimax 43. Ravish and Sanchit were partners in a firm sharing profits in ratio of 3 : 2. On 1st April, 2020 their capitals were Rs. 160000 and Rs. 75000. Read More …

# Category: Chapter 2 – Partnership Accounts – I (Basic Concepts) – Unimax

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## Question 45 Chapter 2 – Class 12 Part 1 Unimax

Advertisement Question 45 Chapter 2 – Class 12 Part 1 Unimax 45. Ketak, Varun, and Mohit are in partnership sharing profits in a ratio 5 : 3 : 2. Their Capital as on 1st October 2020 was Rs. 80000, Rs. Read More …

## Question 44 Chapter 2 – Class 12 Part 1 Unimax

Advertisement Question 44 Chapter 2 – Class 12 Part 1 Unimax 44. X, Y and Z are in partnership sharing profits and losses in the ratio of 2 : 1 : 1. It is agreed that interest on Capital will Read More …

## Question 42 Chapter 2 – Class 12 Part 1 Unimax

Advertisement Question 42 Chapter 2 – Class 12 Part 1 Unimax 42. Ketak, Varun and Mohit are in partnership sharing profits and losses in ratio 5 : 3 : 2. Their Capitals as on 1st April, 2020 were Rs. 200000, Read More …

## Question 41 Chapter 2 – Class 12 Part 1 Unimax

Advertisement Question 41 Chapter 2 – Class 12 Part 1 Unimax 41. Ram and Gopal are partners in a firm sharing profits and losses in the ratio of 3 : 2. On 1st January, 2021 their fixed capitals were Rs. Read More …

## Question 40 Chapter 2 – Unimax Class 12 Part 1

Advertisement Question 40 Chapter 2 – Unimax Class 12 Part 1 40. Prepare the Capital Accounts of partners P and Q from the following details, assuming that their capitals are fluctuating : P (Rs.) Q (Rs.) Capital as on Read More …

## Question 39 Chapter 2 – Class 12 Part 1 Unimax

Advertisement Question 39 Chapter 2 – Class 12 Part 1 Unimax 39. On 1st April, 2020 A, B and C start a business in partnership. A puts in Rs. 30000 in first but withdraws Rs. 10000 at end of six Read More …

## Question 38 Chapter 2 – Class 12 Part 1 Unimax

Advertisement Question 38 Chapter 2 – Class 12 Part 1 Unimax 38. X and Y are partners. As on 1st April, 2020, the capital of the firm was Rs. 45000 out of which Rs. 30000 stood to the credit of Read More …

## Question 37 Chapter 2 – Class 12 Part 1 Unimax

Advertisement Question 37 Chapter 2 – Class 12 Part 1 Unimax 37. The partnership agreement of Kanu and Shruti provides that :(i) Profits will be shared equally.(ii) Shruti will be allowed an annual salary of Rs. 4800.(iii) Kanu will be Read More …

## Question 36 Chapter 2 – Class 12 Part 1 Unimax

Advertisement Question 36 Chapter 2 – Class 12 Part 1 Unimax 36. A, B and C are three partners sharing profits and losses in ratio 2 : 2: 1. Their respective capitals as on 1st Aril, 2020 were Rs. 200000, Read More …

## Question 35 Chapter 2 – Class 12 Part 1 Unimax

Advertisement Question 35 Chapter 2 – Class 12 Part 1 Unimax 35. Aman and Guneet are partners. As on 1st April, 2020, the Capital of the partnership was Rs. 30000 out of which Rs. 19000 stood to credit of Aman Read More …

## Question 34 Chapter 2 – Class 12 Part 1 Unimax

Advertisement Question 34 Chapter 2 – Class 12 Part 1 Unimax 34. A and B are partners sharing profit in the ratio of 3 : 2 with Opening Capitals of Rs. 50000 and Rs. 30000 respectively. Interest on Capital is Read More …

## Question 33 Chapter 2 – Class 12 Part 1 Unimax

Advertisement Question 33 Chapter 2 – Class 12 Part 1 Unimax 33. Alisha, Aman and Meenu are three partners. On 1st April, 2020 their respective Capitals were Rs. 80000, Rs. 60000 and Rs. 40000. On the same date, their current Read More …

## Question 32 Chapter 2 – Class 12 Part 1 Unimax

Advertisement Question 32 Chapter 2 – Class 12 Part 1 Unimax 32. A and B are partners sharing profit in proportion of 1/10th and 3/10th with capitals of Rs. 15000 and Rs. 10000 respectively as on 1st Jan., 2021. 5% Read More …

## Question 31 Chapter 2 – Class 12 Part 1 Unimax

Advertisement Question 31 Chapter 2 – Class 12 Part 1 Unimax 31. Kanu and Shruti are partners sharing profits in the ratio of 3 : 2. Their opening Capitals are Rs. 75000 and Rs. 50000 respectively. Interest on Capital is agreed Read More …

## Question 30 Chapter 2 – Class 12 Part 1 Unimax

Advertisement Question 30 Chapter 2 – Class 12 Part 1 Unimax 30. Y and Z are partners with opening capitals of Rs. 200000 and Rs. 150000 respectively and their profit sharing ratio is 3 : 2. Interest on Capital is Read More …

## Question 29 Chapter 2 – Class 12 Part 1 Unimax

Advertisement Question 29 Chapter 2 – Class 12 Part 1 Unimax 29.Amar and Akbar are two partners sharing profits and losses equally and their respective opening capitals are Rs. 60000 and Rs. 30000. Profits for the year are Rs. 25000 Read More …

## Question 28 Chapter 2 – Class 12 Part 1 Unimax

Advertisement Question 28 Chapter 2 – Class 12 Part 1 Unimax 28. Varun and Sahil are partners in a firm. Their capitals on 1st April, 2020 were Rs. 300000 and Rs. 200000 and their profit sharing ratio is 2 : Read More …

## Question 27 Chapter 2 – Class 12 Part 1 Unimax

Advertisement Question 27 Chapter 2 – Class 12 Part 1 Unimax 27. Show how the following will be recorded in the capital and current accounts of Moon and Star. Moon (Rs.) Star (Rs.) Capital as on 1st April, 2021 Read More …

## Question 26 Chapter 2 – Class 12 Part 1 Unimax

Advertisement Question 26 Chapter 2 – Class 12 Part 1 Unimax 26. Show how the following will be recorded in the capital accounts of partners Ram and Sham when their capitals are fluctuating. Ram (Rs.) Sham (Rs.) Capital as Read More …

## Question 25 Chapter 2 – Class 12 Part 1 Unimax

Advertisement Question 25 Chapter 2 – Class 12 Part 1 Unimax 25. X and Y started business on 1st January, 2021 with capitals of Rs. 60000 and Rs. 30000 respectively. They decided to share profits in the capital ratio. You Read More …

## Question 24 Chapter 2 – Class 12 Part 1 Unimax

Advertisement Question 24 Chapter 2 – Class 12 Part 1 Unimax 24. A starts a business on 1st January, 2021 with Rs. 5000. B joins on 1st May, 2021 with Rs. 10000. On 1st July, 2021 C comes in as Read More …

## Question 23 Chapter 2 – Class 12 Part 1 Unimax

Advertisement Question 23 Chapter 2 – Class 12 Part 1 Unimax 23. A and B are partners in a firm. A is to get a commission of 10% of the net profit before charging way commissions. B is to get Read More …

## Question 22 Chapter 2 – Class 12 Part 1 Unimax

Advertisement Question 22 Chapter 2 – Class 12 Part 1 Unimax 22. A and B are partners sharing profits in the ration of 3 : 2 with capitals of Rs. 50000 and Rs. 30000 respectively. Interest on Capital is agreed Read More …

## Question 21 Chapter 2 – Class 12 Part 1 Unimax

Advertisement Question 21 Chapter 2 – Class 12 Part 1 Unimax 21. (a) A and B are partners in a firm. A is entitled to a salary of Rs. 3000 per month together with a commission of 10% of Net Read More …

## Question 20 Chapter 2 – Unimax Class 12 Part 1

Advertisement Question 20 Chapter 2 – Unimax Class 12 Part 1 20. P and Q are partners sharing profits and losses in ration of 2 : 1 with capitals of Rs. 200000 and Rs. 100000 respectively. On 1st October, 2020, Read More …

## Question 19 Chapter 2 – Class 12 Part 1 Unimax

Advertisement Question 19 Chapter 2 – Class 12 Part 1 Unimax 19. Form the following Balance Sheet of A and B as on 31st March, 2021. Calculate interest on capital @ 5% per annum payable to B for the year Read More …

## Question 18 Chapter 2 – Class 12 Part 1 Unimax

Advertisement Question 18 Chapter 2 – Class 12 Part 1 Unimax 18. Find out interest on drawings at 5% per annum for partner Raman, who withdrew Rs. 600 at the end of every month for six months ending on 31st Read More …

## Question 17 Chapter 2 – Class 12 Part 1 Unimax

Advertisement Question 17 Chapter 2 – Class 12 Part 1 Unimax 17. Ram withdrew Rs. 1500 at the end of each quarter during the year ended 31st March, 2021. Interest on drawings is charged @ 9% per annum. Find out Read More …

## Question 16 Chapter 2 – Class 12 Part 1 Unimax

Advertisement Question 16 Chapter 2 – Class 12 Part 1 Unimax 16. A, B, C, D and E are five partners. Their drawings are given below. Calculate interest on drawings for year ended 31st March, 2021, if rate of interest Read More …

## Question 15 Chapter 2 – Class 12 Part 1 Unimax

Advertisement Question 15 Chapter 2 – Class 12 Part 1 Unimax 15. Partner Z withdrew Rs. 47000 during the year. Calculate interest on drawings if rate of interest on drawings is 10% per annum. The solution of Question 15 Chapter Read More …

## Question 14 Chapter 2 – Unimax Class 12 Part 1

Advertisement Question 14 Chapter 2 – Unimax Class 12 Part 1 14. Partner Y’s drawings along with date of drawings are given below. Calculate interest on drawings for year ended 31st Dec., 2021 if rate of interest on drawings is Read More …

## Question 13 Chapter 2 – Class 12 Part 1 Unimax

Advertisement Question 13 Chapter 2 – Class 12 Part 1 Unimax 13. Partners X, withdrew Rs. 3000 per month during 2021. Interest on drawings is charged@ 9% per annum. Find out interest, if :(a) Drawings were made on the 1st Read More …

## Question 11 Chapter 2 – Class 12 Part 1 Unimax

Advertisement Question 11 Chapter 2 – Class 12 Part 1 Unimax 11. X and Y are partners and they had Rs. 40000 and Rs. 60000 in their respective capital accounts as on 1st January, 2021. X paid in further Rs. Read More …

## Question 10 Chapter 2 – Class 12 Part 1 Unimax

Advertisement Question 10 Chapter 2 – Class 12 Part 1 Unimax 10. A and B started business on 1st January, 2021 with capital of Rs. 60000 and Rs. 40000 respectively. A introduced Rs. 10000 as additional capital on 1st July, Read More …

## Question 9 Chapter 2 – Class 12 Part 1 Unimax

Advertisement Question 9 Chapter 2 – Class 12 Part 1 Unimax 9. X and Y have capitals of Rs. 30000 and Rs. 20000 respectively as on 1st April, 2020. Interest on capital is allowed @ 10% per annum. Find out Read More …

## Question 8 Chapter 2 – Class 12 Part 1 Unimax

Advertisement Question 8 Chapter 2 – Class 12 Part 1 Unimax 8. A and B are partners sharing Profits in the ratio of 3: 2. The under-mentioned Trial balance was extracted from their books on 31st March 2021. Particulars Dr. Read More …

## Question 7 Chapter 2 – Class 12 Part 1 Unimax

Advertisement Question 7 Chapter 2 – Class 12 Part 1 Unimax 7. Pass necessary Journal entries and prepare Profit and Loss Appropriation Account of partnership firm (having partner A and B). Profit during 2021 (before adjustments given below) 75000 Interest Read More …

## Question 6 Chapter 2 – Class 12 Part 1 Unimax

Advertisement Question 6 Chapter 2 – Class 12 Part 1 Unimax 6. P and Q are partners sharing Profits and Losses in the ratio of 3:2 with their capitals on 1st January, 2021 as Rs. 300000 and Rs. 100000 respectively. Read More …

## Question 5 Chapter 2 – Class 12 Part 1 Unimax

Advertisement Question 5 Chapter 2 – Class 12 Part 1 Unimax On 1st January, 2021 A and B entered into partnership contributing Rs. 60000 and Rs. 40000 respectively. They agreed to share profits and losses in ratio of 3:2. B Read More …

## Question 4 Chapter 2 – Class 12 Part 1 Unimax

Advertisement Question 4 Chapter 2 – Class 12 Part 1 Unimax 4. Partners P and Q have Capitals Rs. 400000 and Rs. 300000 respectively as on 1st January, 2021. P advanced Rs. 20000 to Partnership firm on 1st July, 2021 Read More …

## Question 3 Chapter 2 – Class 12 Part 1 Unimax

Advertisement Question 3 Chapter 2 – Class 12 Part 1 Unimax 3. A and B are partners. They do not have any partnership agreement. How will you solve the following disputes among them ?(a)A spent twice the time that B Read More …

## Question 2 Chapter 2 – Class 12 Part 1 Unimax

Advertisement Question 2 Chapter 2 – Class 12 Part 1 Unimax 2. A and B commenced business in partnership on 1st January, 2021. No partnership agreement was made either oral or written. They contributed Rs. 400000 and Rs. 100000 respectively Read More …

## Question 1 Chapter 2 – Class 12 Part 1 Unimax

Advertisement Question 1 Chapter 2 – Class 12 Part 1 Unimax 1. A and B are partners in a firm. State by giving reasons whether their claims are valid if partnership deed is silent in following Matters :(a) B has Read More …