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Interest

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

AccountancyWhat is 6 percent per annum interest for 10 months on executor loan of ₹96000?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountExpertAccountancyLoan is ₹180000 at 6 percent interest. ₹60000 principal is paid after 4 months. What is total interest for the year?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountExpertAccountancyWhat is interest on ₹200000 loan at 7.5 percent per annum for 8 months?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountExpertAccountancyWhy is interest on a retiring partner loan not treated as appropriation of profit?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountExpertAccountancyIn the journal entry for interest due on a retiring partner’s loan, which account is debited?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountMediumAccountancy₹320000 was due. ₹100000 was paid immediately and seven percent interest was added on the balance for the first year. What will be year-end balance if no further payment was made?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountHardAccountancyA ₹100000 loan has a payment of ₹40000 at mid-year. If interest is six percent, what is the correct basis of calculation?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountHardAccountancyInterest of ₹7000 was wrongly debited to loan account though the correct entry was credit. By how much will the loan balance be understated?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountHardAccountancyWhich check is most important before closing a retiring partner's loan account?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountHardAccountancyThe firm recorded ₹8000 interest on ₹160000 loan for eight months. What was the actual annual rate?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountHardAccountancyIf loan interest of ₹4500 should have been recorded but was completely omitted, which effect is correct?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountHardAccountancyOn ₹150000 loan, ₹9000 interest was added at year end and ₹50000 was paid. What will be the base loan for the next period?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountHardAccountancyRetirement took place on 1 October and ₹120000 became loan. Year end is 31 March and interest is six percent per annum. What is year-end interest?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountHardAccountancy₹9000 interest was added to the loan account but only ₹6000 was debited to Profit and Loss Account. By how much will profit be overstated?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountHardAccountancyThere was a loan of ₹180000. After six months ₹80000 was paid and the balance remained outstanding for next six months. At eight percent, what is total interest?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountHardAccountancyA loan of ₹128000 carries seven percent interest for first three months and six percent for next nine months. No payment was made. What is total interest?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountHardAccountancyA loan account has credit items of ₹175000 and debit payment of ₹65000. If credit items include interest of ₹10000, what is the closing credit balance?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountHardAccountancyRetirement occurred at the beginning of the year and ₹140000 remained as loan. ₹50000 was paid at year end. At six percent, what is interest for that year?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountHardAccountancyAgreement interest on loan is nine percent but the accountant applied the general six percent. On ₹200000 for one year, by how much is liability understated?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountHardAccountancyDeepa was due ₹360000. ₹120000 was paid immediately and the balance is payable in two equal annual instalments. What is six percent interest before the first instalment?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountHard

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