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Partner S Loan Account

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

AccountancyIn the journal entry for interest due on a retiring partner’s loan, which account is debited?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountMediumAccountancyIn the entry converting final amount due to retiring partner into loan which account is debited?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountExpertAccountancyAt expert level what situation does retiring partner loan account represent?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountExpertAccountancyWhich is the most accurate analytical conclusion related to a retiring partner's loan account?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountHardAccountancyWhich option shows the correct sequence for a retiring partner's loan account?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountHardAccountancyIf only principal payment is recorded in the loan account but interest payment appears separately in bank, what should be checked in reconciliation?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountHardAccountancy₹320000 was due. ₹100000 was paid immediately and seven percent interest was added on the balance for the first year. What will be year-end balance if no further payment was made?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountHardAccountancyWhat is the effect on balance sheet if retiring partner's loan liability is understated?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountHardAccountancyInterest of ₹7000 was wrongly debited to loan account though the correct entry was credit. By how much will the loan balance be understated?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountHardAccountancyIf part of the amount due to a retiring partner is settled by giving goods, what precaution is needed in the loan account?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountHardAccountancyInterest is charged on ₹90000 for seven months at six percent and then on remaining ₹50000 for five months. What is total interest?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountHardAccountancyWhich check is most important before closing a retiring partner's loan account?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountHardAccountancyThe firm recorded ₹8000 interest on ₹160000 loan for eight months. What was the actual annual rate?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountHardAccountancyIf interest is credited to the loan account but bank payment is also wrongly credited, what will be the effect on balance?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountHardAccountancyWhat 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 AccountHardAccountancyInterest due was added to a retiring partner's loan account and only the interest was paid through bank. What is the effect on principal?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 ₹60000 loan is paid in three equal quarterly instalments. Ignoring interest, what will be recorded in the loan account after each instalment?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountHardAccountancyIf loan interest of ₹4500 should have been recorded but was completely omitted, which effect is correct?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountHardAccountancyOn ₹150000 loan, ₹9000 interest was added at year end and ₹50000 was paid. What will be the base loan for the next period?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountHard

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