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Partner 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 loan account opened for the amount due to a retiring or deceased partner when it is not paid immediately?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountExpertAccountancyA retired partner’s loan account has a balance of ₹70,000, carrying interest at 6% per annum. What will be the interest for one year?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountExpertAccountancyIf the amount due to a retiring partner is not paid immediately, which of the following accounts may be continued?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountExpertAccountancyWhat will be the interest for one year on a partner’s loan account of ₹250000 at 12% per annum?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountExpertAccountancyInterest on a partner’s loan account is generally calculated on what basis?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountExpertAccountancyWhen ₹30,000 is paid against a partner’s loan account, which entry will be made in that account?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountExpertAccountancyAfter reconstitution, what does a credit balance in a partner’s loan account indicate?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountExpertAccountancyAfter reconstitution, ₹90,000 is outstanding in the retiring partner’s loan account at 10% per annum for 9 months. What will be the interest for this period?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountExpertAccountancyWhen interest is added to a partner’s loan account at the end of the year, what happens to the amount payable according to the account?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountExpertAccountancyAn amount of ₹1,20,000 payable to a retiring partner is transferred to the partner’s loan account. Which accounting element will increase due to this entry?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountExpertAccountancyInterest paid on a partner’s loan account is what type of item for the firm?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountExpertAccountancyA retiring partner’s loan account is generally not adjusted with which of the following items?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountExpertAccountancyWhen the amount due in a partner’s loan account is paid, which account will be debited?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountExpertAccountancyWhat will be the interest for one year on a loan of ₹50,000 given to the firm by a retiring partner at 8% per annum?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountExpertAccountancyAccording to the traditional classification of accounts, what is the nature of a partner’s loan account?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountExpertAccountancyWhich of the following items is credited to a retiring partner’s loan account and therefore increases its balance?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountExpertAccountancyWhat will be the interest for 6 months on ₹2,00,000 in a partner’s loan account at an annual rate of 6%?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountExpertAccountancyHow is the amount outstanding in a retiring partner’s loan account generally settled?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountExpertAccountancyOn the loan account of a retiring or deceased partner, if the partnership deed specifies interest at 9% per annum, at what rate will the interest be charged?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountExpertAccountancyHow is interest payable on a partner’s loan treated in the Profit and Loss Account?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountExpert

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