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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 will be the result if interest on retiring partner's loan is treated as interest on capital and posted to Appropriation Account?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountHardAccountancyRetiring partner loan is ₹240000. Principal ₹90000 is paid after 6 months. What is total interest for the year at 6 percent per annum?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountMediumAccountancyInterest rate on retiring partner loan is 9 percent per annum. What is interest for 10 months on ₹180000 loan?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountMediumAccountancyRetiring partner loan is ₹275000 and 4 percent annual interest is added for one year. If ₹95000 is paid what is the remaining loan?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountMediumAccountancyIf the loan account had ₹50000 credit balance and ₹2500 interest was added before full payment, by what amount will Bank be credited in the payment entry?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountHardAccountancyOn a ₹180000 loan, ₹60000 was paid after nine months and ₹50000 at year end. At six percent, what is the interest for the year?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountHardAccountancyWhich pair shows the correct sides in a retiring partner's loan account?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountHardAccountancyInterest on ₹72000 loan should have been ₹3600 at year end, but only ₹3000 was recorded. By how much is the loan liability understated?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountHardAccountancySamira retired on 1 July and ₹90000 remained as loan. Year end is 31 March and interest is six percent per annum. What is interest up to year end?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountHardAccountancyIn a case, loan was ₹200000, interest of ₹12000 was added at year end and ₹80000 was paid immediately. What will be the balance after year end?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountHardAccountancyIf the balance after adding interest in a retiring partner's loan account is ₹154500 and interest was ₹4500, what was the original outstanding loan?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountHardAccountancyIf interest recorded in retiring partner's loan account and interest paid through bank differ, what should be reconciled first?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountHardAccountancyA loan of ₹140000 carries seven percent for first six months and six percent for next six months. No payment was made. What is total interest?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountHardAccountancyThe firm made final payment of loan ₹85000 and interest ₹5100 to a retiring partner. In the correct payment entry, by what amount will the loan account be debited?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountHardAccountancyWhen interest is credited to the retiring partner's loan account, which account should have the corresponding debit?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountHardAccountancyWhich statement gives the correct accounting principle about a retiring partner's loan account?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountHardAccountancyWhat will be the effect on Profit and Loss Account when interest is added to the retiring partner's loan account?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountHardAccountancyKavita's loan was ₹160000. ₹40000 was paid at the beginning of the year and the remaining balance was paid at year end. At six percent per annum, what is the interest for the year?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountHardAccountancyRaghav was due ₹250000. As per agreement ₹100000 is paid immediately and the balance is payable in two equal annual instalments, with interest at six percent per annum on outstanding balance. What is the interest before the first year-end instalment?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountHardAccountancyLoan is ₹90000 at 6 percent per annum. ₹20000 is paid after 7 months. What is interest for first 7 months?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountMedium

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