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RELATED QUESTIONS

Partner Loan

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

AccountancyWhich statement gives the correct accounting principle about a retiring partner's loan account?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountLevel 34HardAccountancyIn a ₹90000 loan ₹20000 principal is paid after 7 months. On what amount will interest be charged for next 5 months?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountLevel 36MediumAccountancyA payment of ₹36,500 includes interest of ₹6,500. What amount reduces the principal?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountLevel 36MediumAccountancyA retiring partner’s loan account is prepared after which stage?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountLevel 36MediumAccountancyAccording to the personal account rule, when will a retiring partner’s loan account be credited?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountLevel 36MediumAccountancyIn a ₹2,00,000 loan, ₹50,000 principal is paid after 5 months. On what amount will interest be charged for the next 7 months?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountLevel 36MediumAccountancyWhat is the main effect of adding interest in a loan account?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountLevel 36MediumAccountancyWhat is the correct difference between interest and principal payment in a loan account?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountLevel 36MediumAccountancyIf the agreement clearly gives the interest rate on the loan, which rate will apply?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountLevel 36MediumAccountancy₹1,80,000 is due to a retiring partner and ₹50,000 is paid immediately. How much will be transferred to the loan account?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountLevel 36MediumAccountancyIf the full amount due to a retiring partner is paid immediately, what is the need for a loan account?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountLevel 36MediumAccountancyOut of ₹1,10,000 due, ₹70,000 is paid. How much will remain in the loan account?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountLevel 36EasyAccountancyIf the loan is ₹52,000 and ₹7,000 interest is added, what will be the total payable amount?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountLevel 36EasyAccountancyWhat will be the interest for one year on a partner’s loan of ₹30,000 at an annual rate of 6%?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountLevel 36EasyAccountancyWhat is the effect of adding interest in a loan account?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountLevel 35MediumAccountancyWhat is the effect of an amount paid in the loan account?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountLevel 35MediumAccountancyWhen will a retiring partner’s loan account be considered closed?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountLevel 35MediumAccountancy₹1,50,000 is due to a retiring partner and ₹60,000 is paid immediately. How much will be transferred to the loan account?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountLevel 35MediumAccountancyWhat is the entry for paying the retiring partner’s loan through bank?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountLevel 35MediumAccountancyWhat is the correct entry to transfer an amount from the capital account to the retiring partner’s loan account?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountLevel 35Medium