NCERT Solutions Class 12 Accountancy Chapter 2 Accounting for Partnership Basic Concepts have been provided below and is also available in Pdf for free download. The NCERT solutions for Class 12 Accountancy have been prepared as per the latest syllabus, NCERT books and examination pattern suggested in Class 12 by CBSE, NCERT and KVS. Questions given in NCERT book for Class 12 Accountancy are an important part of exams for Class 12 Accountancy and if answered properly can help you to get higher marks. Refer to more Chapter-wise answers for NCERT Class 12 Accountancy and also download more latest study material for all subjects. Chapter 2 Accounting for Partnership Basic Concepts is an important topic in Class 12, please refer to answers provided below to help you score better in exams
Chapter 2 Accounting for Partnership Basic Concepts Class 12 Accountancy NCERT Solutions
Class 12 Accountancy students should refer to the following NCERT questions with answers for Chapter 2 Accounting for Partnership Basic Concepts in Class 12. These NCERT Solutions with answers for Class 12 Accountancy will come in exams and help you to score good marks
Chapter 2 Accounting for Partnership Basic Concepts NCERT Solutions Class 12 Accountancy
NCERT Solutions Class 12 Accountancy Accounting for Partnership Basic Concepts. The NCERT solutions for Class 12 Accountancy book have been made by Accountancy teacher of one of the best CBSE school in India. Accountancy in class 12 is an important subject for commerce students. Its easy to learn and can help to get good marks. These NCERT solutions have been made to give detailed answers and explanations which can be easily understood by the students. Accountancy for commerce students is rather so important that in all future cources or even in graduation accountancy is the main subject and if understood properly can bethe most scoring also. You can download the NCERT solutions for free in pdf format. Refer to other links also to download Class 12 Accountancy NCERT solutions, worksheets, sample papers and test papers.
TEST YOUR UNDERSTANDING – I
1. Mohan and Shyam are partners in a firm. State whether the claim is valid if the partnership agreement is silent in the following matters: (i) Mohan is an active partner. He wants a salary of Rs. 10,000 per year;
Answer Invalid I In the absence of partnership agreement, no interest on capital, interest on drawings, salary, commission is to be allowed to partners.
(ii) Shyam had advanced a loan to the firm. He claims interest @ 10% per annum;
Answer Invalid Interest on partners loan to be allowed @ 6% pa,
(iii) Mohan has contributed Rs. 20,000 and Shyam Rs. 50,000 as capital. Mohan wants equal share in profits.
Answer Valid Profit and losses are to be shared equally.
(iv) Shyam wants interest on capital to be credited @ 6% per annum.
Answer Invalid No interest on capital is to be allowed to partners.
2. State whether the following statements are true or false:
(i) Valid partnership can be formulated even without a written agreement between the partners;
Answer True
(ii) Each partner carrying on the business is the principal as well as the agent for all the other partners;
Answer True
Please click the link below to download NCERT Solutions Class 12 Accountancy Accounting for Partnership Basic Concepts.
| NCERT Solutions Class 12 Accountancy Chapter 1 Accounting for Not for Profit Organisation |
| NCERT Solutions Class 12 Accountancy Chapter 2 Accounting for Partnership Basic Concepts |
| NCERT Solutions Class 12 Accountancy Chapter 3 Reconstitution of a Partnership Firm Admission of a Partner |
| NCERT Solutions Class 12 Accountancy Chapter 4 Reconstitution of a Partnership Firm Retirement Death of a Partner |
| NCERT Solutions Class 12 Accountancy Chapter 5 Dissolution of Partnership Firm |
| NCERT Solutions Class 12 Accountancy Chapter 1 Accounting for Share Capital |
| NCERT Solutions Class 12 Accountancy Chapter 2 Issue and Redemption of Debentures |
| NCERT Solutions Class 12 Accountancy Chapter 3 Financial Statements of a Company |
| NCERT Solutions Class 12 Accountancy Chapter 4 Analysis of Financial Statements |
| NCERT Solutions Class 12 Accountancy Chapter 5 Accounting Ratios |
| NCERT Solutions Class 12 Accountancy Chapter 6 Cash Flow Statement |
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NCERT Solutions Class 12 Accountancy Chapter 2 Accounting for Partnership Basic Concepts
NCERT Solutions Class 12 Accountancy Chapter 2 Accounting for Partnership Basic Concepts is available on our website www.studiestoday.com for free download in Pdf. You can read the solutions to all questions given in your Class 12 Accountancy textbook online or you can easily download them in pdf.
Chapter 2 Accounting for Partnership Basic Concepts Class 12 Accountancy NCERT Solutions
The Class 12 Accountancy NCERT Solutions Chapter 2 Accounting for Partnership Basic Concepts are designed in a way that will help to improve the overall understanding of students. The answers to each question in Chapter 2 Accounting for Partnership Basic Concepts of Accountancy Class 12 has been designed based on the latest syllabus released for the current year. We have also provided detailed explanations for all difficult topics in Chapter 2 Accounting for Partnership Basic Concepts Class 12 chapter of Accountancy so that it can be easier for students to understand all answers.
NCERT Solutions Chapter 2 Accounting for Partnership Basic Concepts Class 12 Accountancy
Class 12 Accountancy NCERT Solutions Chapter 2 Accounting for Partnership Basic Concepts is a really good source using which the students can get more marks in exams. The same questions will be coming in your Class 12 Accountancy exam. Learn the Chapter 2 Accounting for Partnership Basic Concepts questions and answers daily to get a higher score. Chapter 2 Accounting for Partnership Basic Concepts of your Accountancy textbook has a lot of questions at the end of chapter to test the students understanding of the concepts taught in the chapter. Students have to solve the questions and refer to the step-by-step solutions provided by Accountancy teachers on studiestoday to get better problem-solving skills.
Chapter 2 Accounting for Partnership Basic Concepts Class 12 NCERT Solution Accountancy
These solutions of Chapter 2 Accounting for Partnership Basic Concepts NCERT Questions given in your textbook for Class 12 Accountancy have been designed to help students understand the difficult topics of Accountancy in an easy manner. These will also help to build a strong foundation in the Accountancy. There is a combination of theoretical and practical questions relating to all chapters in Accountancy to check the overall learning of the students of Class 12.
Class 12 NCERT Solution Accountancy Chapter 2 Accounting for Partnership Basic Concepts
NCERT Solutions Class 12 Accountancy Chapter 2 Accounting for Partnership Basic Concepts detailed answers are given with the objective of helping students compare their answers with the example. NCERT solutions for Class 12 Accountancy provide a strong foundation for every chapter. They ensure a smooth and easy knowledge of Revision notes for Class 12 Accountancy. As suggested by the HRD ministry, they will perform a major role in JEE. Students can easily download these solutions and use them to prepare for upcoming exams and also go through the Question Papers for Class 12 Accountancy to clarify all doubts
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