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Loan Interest

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

AccountancyWhy is it wrong to distribute loan interest among remaining partners' capital accounts in the new ratio?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountHardAccountancyIf interest on loan is wrongly debited to Revaluation Account, what is the main accounting error?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountHardAccountancyRavi was due ₹270000 on retirement. ₹110000 was paid immediately and interest on the balance is charged for six months at nine percent per annum. What is the total amount payable before payment?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountHardAccountancyInterest due on retiring partner's loan was divided among remaining partners' capital accounts in old ratio. Why is this wrong?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountHardAccountancyWhich option gives the correct difference between loan interest and principal repayment?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountHardAccountancyPrateek was due ₹240000 on retirement, ₹90000 was paid immediately and interest on the balance is charged for nine months at eight percent per annum. What is the total amount payable before payment?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountHardAccountancyIf interest on a retiring partner's loan is wrongly debited to Profit and Loss Appropriation Account instead of Profit and Loss Account, what is the main error?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountHardAccountancyAvinash was due ₹180000 on retirement, ₹60000 was paid immediately and interest on the balance is due for six months at six percent per annum. What is the total amount payable just before payment?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountHardAccountancyWhich account will be credited in the entry for interest on a retiring partner's loan?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountEasyAccountancyIf interest on loan is mistakenly treated as interest on capital what is the main error?Class 12Partnership Accounts - Basic ConceptsAdjustmentsMediumAccountancyInterest on partner loan Rs 22000 was debited to appropriation account. What is the correct correction?Class 12Partnership Accounts - Basic ConceptsProfit DistributionExpertAccountancyInterest on partner loan Rs 15000 was debited to appropriation account. What is the correct accounting correction?Class 12Partnership Accounts - Basic ConceptsProfit DistributionExpertAccountancyIf interest on loan Rs 9000 has been debited to appropriation account in profit distribution what is the correct correction?Class 12Partnership Accounts - Basic ConceptsProfit DistributionExpertAccountancyWhich is the correct difference between interest on partner loan and interest on capital?Class 12Partnership Accounts - Basic ConceptsProfit DistributionMediumAccountancyWhat is the main difference between interest on capital and interest on partner loan?Class 12Partnership Accounts - Basic ConceptsProfit DistributionMedium

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