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Loan Account

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

AccountancyIf 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 AccountHardAccountancyWhat is the effect on balance sheet if retiring partner's loan liability is understated?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 AccountHardAccountancyA ₹60000 loan is paid in three equal quarterly instalments. Ignoring interest, what will be recorded in the loan account after each instalment?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountHardAccountancyWhich statement shows the correct relation between loan account and balance sheet?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountHardAccountancyA retiring partner's loan account shows ₹60000 credit balance, but ₹75000 is paid through bank. If there was no interest, what does this indicate?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountHardAccountancyIf interest on loan is due but not paid, what is the double effect?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountHardAccountancyIf the retiring partner's final capital account has a credit balance of ₹130000 and a cheque of ₹50000 is given immediately, what is the correct amount transferred to the loan account?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountHardAccountancyIf interest payable on a partner’s loan is not credited to the partner’s loan account, what will be the effect on the final loan balance?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountMediumAccountancyWhich is the most accurate overall statement related to a retiring partner's loan account?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountHardAccountancyA question gives both interest on retiring partner's loan and remaining partners' profit-sharing ratio. What is the use of profit-sharing ratio in calculating loan interest?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountHardAccountancyA retiring partner's loan account contains both payment and interest. Which rule is correct while balancing the account?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 AccountHardAccountancyDebit to which account will reduce the liability of a retiring partner's loan?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountHardAccountancyIf interest on a retiring partner's loan is shown as paid directly through bank without first recording interest due, what will be missing in accounting presentation?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountHardAccountancyIn which case will a retiring partner's loan account be prepared but interest will not be added?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountHardAccountancyIf the closing balance of a retiring partner's loan account is debit, what is the most probable reason?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountHardAccountancyWhich item in a retiring partner's loan account does not directly affect Profit and Loss Account?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountHardAccountancyA loan account has opening credit ₹70000, interest ₹4200 and bank payment ₹30000. What will be the closing credit balance?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountHardAccountancyIf interest on a retiring partner's loan is due but not yet paid, what is the correct journal effect?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountHard

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