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Partner Loan

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

AccountancyHow is a retiring partner’s loan account shown in the balance sheet?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountLevel 35MediumAccountancyIf a balance remains after recording payment in a retiring partner's loan account, where will it appear?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountLevel 35EasyAccountancyIf interest is first added to the loan account and then payment is made, payment will be made on which balance?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountLevel 35EasyAccountancyWhy is the date of payment important in a loan account?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountLevel 35EasyAccountancy₹70,000 is due and ₹10,000 is paid immediately. On what amount will interest on the loan be charged later?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountLevel 35EasyAccountancyIf interest on the outstanding loan balance is not calculated, which error will occur?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountLevel 35EasyAccountancyWhat is the effect of a partial payment on a retiring partner’s loan account?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountLevel 34EasyAccountancyIf ₹50,000 is due to a retiring partner and ₹20,000 is paid immediately, how much will be transferred to the partner’s loan account?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountLevel 34EasyAccountancyOn which side of the balance sheet is a retiring partner’s loan shown?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountLevel 34EasyAccountancyWhich item will go to the Profit and Loss Account and not to the Profit and Loss Appropriation Account?Class 12Partnership Accounts - Basic ConceptsAdjustmentsLevel 12HardAccountancyPartner A gave a loan of ₹200000 to the firm on 1 January. The deed is silent and the year ends on 31 March. What is the interest?Class 12Partnership Accounts - Basic ConceptsAdjustmentsLevel 12HardAccountancyA and B share profits equally. B gave the firm a loan of ₹1,00,000 on 1 April. The deed provides interest on the loan at 9% per annum. The firm incurred a loss of ₹4,000. What is B’s loan interest?Class 12Partnership Accounts - Basic ConceptsAdjustmentsLevel 11HardAccountancyThe deed is silent and A gave a loan of (₹75000) to the firm on 1 August. The year ends on 31 March. What is the loan interest?Class 12Partnership Accounts - Basic ConceptsAdjustmentsLevel 11ExpertAccountancyA and B share profits in the ratio 5:4. A gave a loan of ₹60000 to the firm carrying 6% interest for the full year. What is the relation of this interest with profit ratio?Class 12Partnership Accounts - Basic ConceptsAdjustmentsLevel 11HardAccountancyIf interest on partner's loan is wrongly debited to the Profit and Loss Appropriation Account what is the correct correction?Class 12Partnership Accounts - Basic ConceptsAdjustmentsLevel 11HardAccountancyPartner A gave a loan of ₹90000 to the firm on 1 July. The deed has no interest rate and the year ends on 31 March. What is the interest?Class 12Partnership Accounts - Basic ConceptsAdjustmentsLevel 11HardAccountancyWhich item is shown in the Profit and Loss Account and not in the Profit and Loss Appropriation Account?Class 12Partnership Accounts - Basic ConceptsAdjustmentsLevel 10HardAccountancyA gave a loan of ₹1,20,000 to the firm on 1 October. The accounting year ends on 31 March, and the partnership deed is silent on this matter. How much interest will A receive on the loan?Class 12Partnership Accounts - Basic ConceptsAdjustmentsLevel 10HardAccountancyIf the partnership deed is silent what is the rate of interest on a partner's loan?Class 12Partnership Accounts - Basic ConceptsAdjustmentsLevel 10HardAccountancyInterest on partner loan Rs 9000 was not deducted from net profit by mistake. What is the correct adjustment?Class 12Partnership Accounts - Basic ConceptsAdjustmentsLevel 12Medium