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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।

AccountancyA capital account has credit balance eighty thousand rupees and the same partner has loan account twenty thousand rupees. How should both be understood in balance sheet?Class 12Partnership Accounts - Basic ConceptsCapital AccountsLevel 5Hard AccountancyIf partners loan is wrongly credited to capital account what presentation error will occur?Class 12Partnership Accounts - Basic ConceptsCapital AccountsLevel 5Hard AccountancyA gave a loan of Rs 30,000 to the firm. Why should it be shown separately instead of being merged with the capital account?Class 12Partnership Accounts - Basic ConceptsCapital AccountsLevel 6Medium AccountancyIf a partner gives a loan to the firm, should it be merged with the capital account or shown separately?Class 12Partnership Accounts - Basic ConceptsCapital AccountsLevel 6Easy AccountancyIf the partnership deed provides 12% per annum interest on a partner's loan and Rs 50,000 was lent for six months, what is the interest for six months?Class 12Partnership Accounts - Basic ConceptsPartnership DeedLevel 3Expert AccountancyIf interest on partners loan is payable as per the deed, how will it be treated in the Profit and Loss Account?Class 12Partnership Accounts - Basic ConceptsPartnership DeedLevel 2Expert AccountancyIf the deed says B cannot take a loan from the firm without permission, what type of provision is this?Class 12Partnership Accounts - Basic ConceptsPartnership DeedLevel 2Medium AccountancyThe deed provides eight percent interest on partner loans. In this case when will the general six percent rule not apply?Class 12Partnership Accounts - Basic ConceptsPartnership DeedLevel 2Expert AccountancyA partner gave a loan to the firm and the firm incurred a loss. The deed is silent. What is the correct treatment of interest on the loan?Class 12Partnership Accounts - Basic ConceptsPartnership DeedLevel 1Medium AccountancyThe deed does not specify the rate of interest on partner loan. What is the rate under the general rule?Class 12Partnership Accounts - Basic ConceptsPartnership DeedLevel 1Expert AccountancyThe deed is silent on loan interest rate and the firm has incurred loss. What happens to interest on partner loan?Class 12Partnership Accounts - Basic ConceptsPartnership DeedLevel 3Hard AccountancyIf the deed provides both interest on capital and interest on loan where is interest on loan more appropriately shown?Class 12Partnership Accounts - Basic ConceptsPartnership DeedLevel 3Hard AccountancyIf the deed says interest on partners loan is payable only when profit is available what is its nature?Class 12Partnership Accounts - Basic ConceptsPartnership DeedLevel 2Hard AccountancyIf the partnership deed gives separate interest rates for loan and capital, which rate applies to a partner's loan?Class 12Partnership Accounts - Basic ConceptsPartnership DeedLevel 2Easy AccountancyThe deed does not mention the rate of interest on a partners loan to the firm. What rate applies according to law?Class 12Partnership Accounts - Basic ConceptsPartnership DeedLevel 1Hard AccountancyThe deed says interest on partner's loan will be paid even if the firm has a loss. What is the nature of this interest?Class 12Partnership Accounts - Basic ConceptsPartnership DeedLevel 3Medium AccountancyA partner gave a loan of rupees twenty thousand to the firm and the deed is silent about interest rate. Under the general rule, what is the interest rate on loan?Class 12Partnership Accounts - Basic ConceptsPartnership DeedLevel 3Medium AccountancyIf the deed states eight percent interest on a partner's loan, which rate will apply?Class 12Partnership Accounts - Basic ConceptsPartnership DeedLevel 2Easy AccountancyIf the deed specifies an additional loan given by a partner to the firm, it will be treated separately from what?Class 12Partnership Accounts - Basic ConceptsPartnership DeedLevel 1Medium AccountancyIf the deed does not mention the rate of interest on a partner's loan, what is the rate under the Indian Partnership Act?Class 12Partnership Accounts - Basic ConceptsPartnership DeedLevel 1Medium