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Interest Payment

Class 12 Accountancy के इस tag से जुड़े questions। हर question के साथ chapter, topic, level और difficulty दी गई है।

AccountancyWhen interest payable on a partner’s loan is paid in cash, on which side will the Cash Account be recorded in the journal entry?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountExpertAccountancyIf interest payment appears in bank but interest due entry is missing in loan account, what is the deficiency?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountHardAccountancyIf only interest is paid through bank and the principal remains outstanding, what will happen to the principal balance of the loan account?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountEasyAccountancyIf interest is first credited to loan account and then paid what will be the payment entry?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountExpertAccountancyIf interest is credited to a partner’s Loan Account and the same interest is paid through the bank on the same day, what is the effect on the principal loan?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountMediumAccountancyThe opening balance of a partner’s loan account is ₹3,00,000. Interest of ₹18,000 is credited to the account, and ₹1,00,000 is paid. What will be the closing loan balance?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountExpertAccountancyIf only principal payment is recorded in the loan account but interest payment appears separately in bank, what should be checked in reconciliation?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountHardAccountancyInterest due was added to a retiring partner's loan account and only the interest was paid through bank. What is the effect on principal?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountHardAccountancyIf interest ₹4800 is credited to loan account and full interest is paid by bank on the same day what is the effect on principal loan?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountMediumAccountancyIf interest ₹7200 is credited to loan account and full interest is paid by bank on same day what is the effect on principal loan?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountMediumAccountancyIf interest ₹5400 is credited to loan account and immediately the full interest is paid through bank what is the net effect on loan account?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountMedium

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