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Answered on 26/10/2018 Tuition Fee Tuition/Class XI-XII Tuition (PUC)

Raghuram A

Hello friend, Rs 1000/- hr. Intent is not only completing the syllabus, making student to understand and follow the subject. So that, they can perform good in the exams. Periodical test will be conducted after every 2 chapter to analyze the student level.
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Answered on 21/03/2018 CBSE/Class 11/Commerce/Business Studies Tuition/Class XI-XII Tuition (PUC)

Umed Singh Shekhawat

Maths Tutor

savings bank account current account fix diposite account recurring deposite account over draft account loan accounts etc.
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Answered on 23/06/2017 CBSE/Class 11/Science/Chemistry Tuition/Class XI-XII Tuition (PUC)

Rahul S.

Tutor

S= Sharp P= Principal D= Diffuse F= Fundamental S, p,d,f are the names of subshells within a shell whose values are determined by azimuthal quantum number. Their respective azimuthal quantum numbers are 0, 1, 2 and 3. These terminologies are adopted from Spectroscopic analysis of matters.
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Lesson Posted on 06/06/2017 Tuition/Class XI-XII Tuition (PUC)

Interest On Partners Loan

Mahesh

I am a well experienced, qualified teacher and tutor teaching CBSE Accounts having 17 years of experience...

Interest on partners loan: It is a charge against profits. It is provided irrespective of profits or loss. It will also be provided in the absence of Partnership Deed @ 6% per annum. The following entries are passed to record the interest on partner’s loan: For allowing Interest on loan: Interest... read more

Interest on partners loan: It is a charge against profits. It is provided irrespective of profits or loss. It will also be provided in the absence of Partnership Deed @ 6% per annum. The following entries are passed to record the interest on partner’s loan:

  • For allowing Interest on loan: Interest on Partner’s Loan A/c Dr. To Partner’s Loan A/c (Being interest on loan allowed @___% p.a.)
  • For transferring Interest on Loan to Profit and Loss A/c: Profit and Loss A/c Dr. To Interest on Loan A/c (Being interest on loan transferred to P & L A/c) It is always DEBITED to Profit and Loss A/c Rent paid to a partner is also a charge against profits and it will also be DEBITED to Profit and Loss A/c.

Example: A and B entered into partnership on 1st April, 2010 without any partnership deed. They
introduced capitals of Rs. 5, 00,000 and Rs. 3, 00,000 respectively. On 31st October,
2010, A advanced Rs. 2, 00,000 by way of loan to the firm without any agreement as to
interest. The Profit and Loss Account for the year ended 31032011
showed a profit of Rs. 4,30,000 but the partners could not agree upon the amount of interest on Loan to be
charged and the basis of division of profits. Pass a Journal Entry for the distribution of the Profits between the partners and prepare the Capital A/cs of both the partners and Loan A/c of ‘A’.

Solution: Profit and Loss Appropriation Account. For the year ending on 31st March, 2011 Dr. Cr. Particulars "Particulars". To Profits transferred to By Profit and Loss A/c Capital A/c of A : Rs. 2,12,500 (Net Profits 4,30,000) B: Rs 2,12,500. Less : Interest on Rs 4,25,000 A's Loan (5,000) Rs 4,25,000 Rs 4,25,000 Rs 4,25,000 Dr. Partner's Capital A/cs Cr Date Particular A B Date Particular A B 31.03.2011 To 01.04.2010 By Bank A/c 5,00,000 3,00,000 Balance 7,12,500 5,12,500 31.03.2011 By Profit and c/d Loss Appropriation A/c 2,12,500 2,12,500 7,12,500 5,12,500 7,12,500 5,12,500. JOURNAL Date Particulars L.F. Debit Credit Rs. Rs. 31.03.2011 Profit and Loss Appropriation A/c Dr 4,25,000 To A's Capital A/c 2,12,500To B's Capital A/c 2,12,500 (Being profit distributed among the partners) Dr. A's Loan A/c Cr.
Date Particulars Amount Date Particulars Amount Rs. 2011 To Balance c/d 2,05,000 2010 March, Oct., 31 By Bank A/c 2,00,000 31 2011 March, 31 By Interest on Loan A/c 5,000 2,05,000 2,05,000. Note : Interest on A's Loan = Loan Amount x Rate /100x Time Left after Loan Taken/12 = 2,00,000x 6/100x 05/12 = Rs.5,000.

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Answered on 11/02/2017 Tuition/Class XI-XII Tuition (PUC)

Prashanth K

Best Technical Trainer & Freelancer

Bachelor-Master then PhD.
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Answered on 06 Sep Tuition/Class XI-XII Tuition (PUC)

Hemant P.

IIT JEE Maths Tutor

Any toy has 5 options. Hence total number of ways are .
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Answered on 07/07/2015 Tuition/Class XI-XII Tuition (PUC)

Akhilesh Roy

Mathmatics classes

Magnetic mono-pole does not exists, because magnetic field lines always forms a closd loop. If it arises from one pole, then it has to terminate on other one, to form close loops, which is opposite pole, hence due to this property magnets always found in dipole.. but by some special method,scientists... read more
Magnetic mono-pole does not exists, because magnetic field lines always forms a closd loop. If it arises from one pole, then it has to terminate on other one, to form close loops, which is opposite pole, hence due to this property magnets always found in dipole.. but by some special method,scientists created monopole in lab, but it is not permanent,,,for more information u can call me or mail me. read less
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Answered on 19 Oct Tuition/Class XI-XII Tuition (PUC)

Abraham Paul

Computer Science Teacher & Educational Coach

I highly recommend you to do both, teach online as well as get a part-time job. You should teach because it gives you happiness and not for the money.
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Answered on 26/01/2015 Tuition/Class XI-XII Tuition (PUC)

Ravi Kumar Mumbai

Tutor

Depends Teacher to Teacher as quality differs a lot.
Answers 316 Comments
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