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RELATED QUESTIONS

Loan Account

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

AccountancyWhich item may need to be added before finding the balance of the loan account?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountEasyAccountancyWhich item should not be wrongly recorded in a retiring partner's loan account?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountEasyAccountancyWhen an amount is transferred to a retiring partner's loan account, which number does not change?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountEasyAccountancyIn case of a deceased partner, the amount due may be transferred to whose account?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountEasyAccountancyA retiring partner's loan account behaves like which type of account?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountEasyAccountancy₹100000 is due and half of it is paid immediately. How much will go to the loan account?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountEasyAccountancyWhat does a debit entry in a retiring partner’s loan account indicate?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountEasyAccountancyWhat does crediting a retiring partner's loan account mean?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountEasyAccountancyIf the partnership agreement is silent about loan interest, which rate is generally taken?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountEasyAccountancyThe interest rate on a retiring partner's loan is clearly written in the agreement. Which rule will apply?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountEasyAccountancyOn what basis is one year's interest on a retiring partner's loan calculated?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountEasyAccountancyWhich item generally appears on the credit side of a retiring partner's loan account?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountEasyAccountancyWhat is generally recorded on the debit side of a retiring partner's loan account?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountEasyAccountancyWhat does a credit balance in a retiring partner's loan account indicate?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountEasyAccountancyIn whose name is the retiring partner's loan account opened?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountEasyAccountancyAt the time of retirement, if the amount due to a partner is not paid immediately, it is treated as what?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountEasyAccountancyThe loan account of a retiring partner has an outstanding balance of ₹1,50,000. If the first instalment of ₹60,000 is paid and no interest is payable, what amount will remain in the loan account?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountMediumAccountancyInterest of ₹7,000 is credited to a retiring partner’s loan account, which has an initial balance of ₹70,000. If ₹30,000 is paid to the partner, what will be the final balance of the loan account?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountMediumAccountancyWhen is the retiring partner’s loan account closed?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountMediumAccountancyWhat is the simple purpose of a retiring partner's loan account?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountEasy

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