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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।

AccountancyWhy is a retiring partner's loan account kept separate from the capital account?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountEasyAccountancyUntil when is interest charged on a retiring partner's loan account?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountEasyAccountancyA retiring partner's loan account has ₹40000 balance and interest for one year is six percent. What is the interest?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountEasyAccountancyWhich account is credited when the amount is transferred from capital account to loan account?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountEasyAccountancyWhen the amount is transferred from the retiring partner's capital account to loan account, which account is debited?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountEasyAccountancyWhat does the closing balance of a retiring partner's loan account mean?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountEasyAccountancyIn which book is the retiring partner's loan account prepared?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountEasyAccountancyWhat is the effect of adding interest to the retiring partner's loan account on the firm's liability?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountEasyAccountancyIf the amount due to the retiring partner is fully paid in cash, will a loan account be opened?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountEasyAccountancyOn which side does the opening balance of a retiring partner's loan account appear?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountEasyAccountancyWhen the loan is paid to the retiring partner, which account is credited?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountEasyAccountancyWhen the loan amount is paid to the retiring partner, which account is debited?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountEasyAccountancyIn the journal entry for interest on a retiring partner's loan account, which account is credited?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountEasyAccountancyInterest on a retiring partner's loan account is debited to which account?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountEasyAccountancyIf the agreement does not mention an interest rate, what rate is generally applied on the retiring partner's loan?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountEasyAccountancyInterest on the retiring partner's loan account is given to whom?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountEasyAccountancyWhat is the normal nature of a retiring partner's loan account?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountEasyAccountancyWhen the full amount due to a retiring partner is not paid immediately, the unpaid balance is transferred to which account?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountEasyAccountancyIf partners capital account is mixed with loan account what problem will arise?Class 12Partnership Accounts - Basic ConceptsCapital AccountsHardAccountancyIf a partners capital account has credit balance forty thousand rupees and his loan account is ten thousand rupees what is the main difference between them?Class 12Partnership Accounts - Basic ConceptsCapital AccountsMedium

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