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No Interest

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

AccountancyThe agreement clearly says no interest will be allowed, yet ₹6300 interest was added. What will be the correct effect of rectification entry?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountHardAccountancyIf the agreement clearly says no interest, but the accountant added ₹8000 interest. Which correction is correct?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountHardAccountancyA partnership agreement says the retiring partner will not get interest on loan, but payment will be after two years. What is the correct treatment?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 AccountHardAccountancyIn which situation will interest not be added to the loan account?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountEasyAccountancyThere is a clear agreement to allow no interest on a ₹58000 loan. What will be the interest at year end?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountEasy

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