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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।

AccountancyAn amount of ₹1,50,000 due to a retiring partner is transferred to the partner’s loan account. Which entry will appear in the retiring partner’s loan account?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountExpertAccountancyUnder which broad heading is the partner’s loan account shown in the firm’s balance sheet?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountExpertAccountancyThe balance in a partner’s loan account is ₹80,000. If the annual interest rate on this loan is 6%, what will be the interest for one year?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountExpertAccountancyIf the amount due to a deceased partner is transferred to the partner’s loan account, up to when is interest on that loan generally payable?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountExpertAccountancyIf interest on a partner’s loan is not paid, to which account is it generally added?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountExpertAccountancyWhen the amount due to a retiring partner is transferred to the partner’s loan account instead of being paid in cash, what is the effect on the firm?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountExpertAccountancyIf the amount due to a deceased partner is not paid immediately, what is the main purpose of transferring it to a loan account?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountExpertAccountancyA loan of ₹180,000 is reduced by a payment of ₹60,000 at the middle of the year. What is the correct basis for calculating interest at 6% per annum?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountMediumAccountancyWhat is the difference between simple interest and annual compound interest on ₹1,50,000 at an annual rate of 6% for 2 years?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountHardAccountancyIf only interest is paid through bank and the principal remains outstanding, what will happen to the principal balance of the loan account?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountEasyAccountancyAfter a partner retires, the amount due to him is transferred to the Partner’s Loan Account. Evaluate the following statement in this context: “The retiring partner’s Loan Account is a liability of the firm, and interest payable on it is a charge against profit.”Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountExpertAccountancyWhat will be the difference between simple interest and annual compound interest on a loan of ₹1,20,000 at 6% per annum after 2 years?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountHardAccountancyThe balance of a partner’s loan account, including interest, is ₹2,18,400, while the original loan was ₹2,10,000. What amount of interest was added to the loan account?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountHardAccountancyA balance of ₹36,000 is due in the Partner’s Loan Account. If ₹16,000 is paid, what will be the new balance in the loan account?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountEasyAccountancyIf a partner’s loan is being repaid in instalments and no new amount is added to the account, what happens to the loan account balance after each instalment?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountEasyAccountancyIf a loan account has a balance of ₹35,000 and ₹15,000 is paid, what is the remaining loan?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountEasyAccountancyIf the initial credit balance in a retiring partner’s loan account is ₹2,00,000 and ₹50,000 is paid during the year as principal only, what is the remaining principal loan?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountMediumAccountancyWhich three pieces of information are required to calculate interest on the balance of a retiring partner’s loan account?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountEasyAccountancyIf a retiring partner’s loan account has a credit balance of ₹25,000 and ₹10,000 is paid, what will be the new balance?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountEasy

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