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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।

AccountancyIf A gave a loan to the firm and interest on that loan was omitted from the books, which account should be credited?Class 12Partnership Accounts - Basic ConceptsAdjustmentsLevel 12EasyAccountancyInterest on a partner’s loan is treated as which type of adjustment?Class 12Partnership Accounts - Basic ConceptsAdjustmentsLevel 10MediumAccountancyNet profit is shown as Rs 250000 but interest on partner loan Rs 18000 has not yet been deducted. What is correct profit for appropriation?Class 12Partnership Accounts - Basic ConceptsProfit DistributionLevel 9ExpertAccountancyNet profit is shown as Rs 180000 but interest on partner loan Rs 12000 has not yet been deducted. What is correct profit for appropriation?Class 12Partnership Accounts - Basic ConceptsProfit DistributionLevel 8ExpertAccountancyInterest on partner loan was already deducted while calculating net profit. Still it was debited in appropriation account by fifteen thousand rupees. What is the effect on distributable profit?Class 12Partnership Accounts - Basic ConceptsProfit DistributionLevel 9HardAccountancyNet profit is Rs 90000 and interest on partner loan Rs 6000 has not been deducted yet. Then interest on capital Rs 18000 is to be allowed. What profit is available for appropriation?Class 12Partnership Accounts - Basic ConceptsProfit DistributionLevel 7ExpertAccountancyIf interest on partner loan is debited to appropriation account while net profit had already been calculated after deducting loan interest what will be the effect?Class 12Partnership Accounts - Basic ConceptsProfit DistributionLevel 8HardAccountancyIf interest on partner loan is wrongly debited to Profit and Loss Appropriation Account what is the main error?Class 12Partnership Accounts - Basic ConceptsProfit DistributionLevel 7HardAccountancyIf interest on a partner's loan has been wrongly debited to the Profit and Loss Appropriation Account, what is the correct accounting treatment?Class 12Partnership Accounts - Basic ConceptsProfit DistributionLevel 9MediumAccountancyInterest on a partner's loan is Rs 5,000. Where will it be recorded before profit distribution?Class 12Partnership Accounts - Basic ConceptsProfit DistributionLevel 8MediumAccountancyIf a partner gives loan to the firm how is interest on that loan treated?Class 12Partnership Accounts - Basic ConceptsProfit DistributionLevel 9EasyAccountancyIf interest on partners loan is allowed in which account is it correctly shown?Class 12Partnership Accounts - Basic ConceptsProfit DistributionLevel 8EasyAccountancyWhy is interest on partners loan not shown in Profit and Loss Appropriation Account?Class 12Partnership Accounts - Basic ConceptsProfit DistributionLevel 8EasyAccountancyIn profit distribution how is interest on partner loan treated?Class 12Partnership Accounts - Basic ConceptsProfit DistributionLevel 7MediumAccountancyHow is interest on partners loan related to profit distribution?Class 12Partnership Accounts - Basic ConceptsProfit DistributionLevel 7EasyAccountancyUnder fixed capital method As capital account is Rs 200000 credit current account is Rs 18000 debit and the firm has a separate loan of Rs 30000 from A. What is the total net liability towards A?Class 12Partnership Accounts - Basic ConceptsCapital AccountsLevel 6ExpertAccountancyIf a partner's capital account shows a credit balance and the firm has taken a separate loan from the same partner, which of the following statements is correct?Class 12Partnership Accounts - Basic ConceptsCapital AccountsLevel 5ExpertAccountancyIf a partners loan is wrongly added to capital account what is the main presentation error?Class 12Partnership Accounts - Basic ConceptsCapital AccountsLevel 5ExpertAccountancyAs capital account is Rs 220000 credit and current account is Rs 18000 debit. If the firm also separately owes A a loan of Rs 20000 what is total liability towards A?Class 12Partnership Accounts - Basic ConceptsCapital AccountsLevel 5ExpertAccountancyA gave a loan to the firm, but the amount was credited to A's capital account. If the capital ratio is calculated later, what precaution is necessary?Class 12Partnership Accounts - Basic ConceptsCapital AccountsLevel 6Hard