Read and download free pdf of CBSE Class 12 Accountancy Fundamentals Of Partnership Worksheet. Students and teachers of Class 12 Accountancy can get free printable Worksheets for Class 12 Accountancy in PDF format prepared as per the latest syllabus and examination pattern in your schools. Standard 12 students should practice questions and answers given here for Accountancy in Grade 12 which will help them to improve your knowledge of all important chapters and its topics. Students should also download free pdf of Class 12 Accountancy Worksheets prepared by school teachers as per the latest NCERT, CBSE, KVS books and syllabus issued this academic year and solve important problems provided here with solutions on daily basis to get more score in school exams and tests
Fundamentals Of Partnership Class 12 Accountancy Worksheet Pdf
Class 12 Accountancy students should refer to the following printable worksheet in Pdf for Fundamentals Of Partnership in standard 12. This test paper with questions and answers for Grade 12 Accountancy will be very useful for exams and help you to score good marks
Class 12 Accountancy Worksheet for Fundamentals Of Partnership
Q.1 X is a partner who used the stock of the firm worth ` 10,000 and suffered a loss of` 2,000. He went the firm to bear the loss. How much ‘X’ is liable to pay to firm.
Q.2 Rajesh and Rakesh two partners draw for private use ` 1,28,000 and ` 86000 .Interest is chargeable at 6% per annum on drawings .What is the interest?
Q.3 A and B contribute ` 80,000 and ` 40,000 respectively by way of capital on which they agree to pay interest @ 6% p.a. Their respective share of profit is 2:3 and the business profit (before interest) for the year is 6,000. Show the relevant account to allocate interest about the treatment of interest on capital.
Q.4 It was discovered that in arriving at the profit for 2014, the following two items have been ignored. (i) Outstanding expenses of ` 3500 and (ii) Accurate interest on investment of ` 2,000 Make journal entries relevant to adjustments.
Q.5 A, B and C shared the profit of ` 9,00,000 in the ratio of 2:2:1 without providing for interest on B’s loan, B granted a loan of ` 4,00,000 in the beginning of accounting year. Whereas the partnership deed is silent on the interest on loan and the profit sharing ratio. Give adjusting entry.
Q.6 Calculate interest on X’s drawings @ 12% if he withdraws ` 2,000 per month during the year.
Q.7. Calculate interest on X’s drawings @ 12% p.a if he withdraws ` 2,000 per month during the year.
Q.8. Is a partner entitled to salary if he works more than others if partnership deed is silent?
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