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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।

AccountancyWhich statement shows the correct relation between loan account and balance sheet?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountHardAccountancyOn a ₹84000 loan, ₹24000 was paid after two months and the balance remained outstanding for ten months. What is interest at six percent per annum?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountHardAccountancyIf the retiring partner's final capital account has a debit balance of ₹25000, which statement about loan account is correct?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountHardAccountancyRevaluation profit is not directly entered in the retiring partner's loan account. What is the most correct reason?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountHardAccountancyIf the agreement clearly says no interest, but the accountant added ₹8000 interest. Which correction is correct?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountHardAccountancyA loan of ₹250000 remained outstanding for two years and agreement provides five percent annual compound interest. What is total payable after two years?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountHardAccountancyIf interest is added to a loan account but the full amount is paid immediately, what will be the loan balance in the balance sheet?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountHardAccountancyRetirement took place on 1 October and ₹120000 became loan. Year end is 31 March and interest is six percent per annum. What is year-end interest?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountHardAccountancyWhy is bank payment debited and interest credited in a retiring partner's loan account?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountHardAccountancy₹9000 interest was added to the loan account but only ₹6000 was debited to Profit and Loss Account. By how much will profit be overstated?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountHardAccountancyIn which circumstance will the loan account amount be equal to the retiring partner's final capital balance?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountHardAccountancyThere was a loan of ₹180000. After six months ₹80000 was paid and the balance remained outstanding for next six months. At eight percent, what is total interest?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountHardAccountancyThe agreement states that interest on a loan will be charged only up to the date of final payment. What does this practically mean?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountHardAccountancyIf payment of loan is debited to Profit and Loss Account, what will be the effect?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountHardAccountancyA loan of ₹128000 carries seven percent interest for first three months and six percent for next nine months. No payment was made. What is total interest?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountHardAccountancyWhich option gives the correct difference between loan interest and principal repayment?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountHardAccountancyIf interest on loan is due but not paid, what is the double effect?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountHardAccountancyA retiring partner was due ₹220000. The firm settled ₹70000 by cash and ₹30000 by giving investments. What will be the remaining loan amount?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountHardAccountancyRetirement occurred at the beginning of the year and ₹140000 remained as loan. ₹50000 was paid at year end. At six percent, what is interest for that year?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountHardAccountancyAgreement interest on loan is nine percent but the accountant applied the general six percent. On ₹200000 for one year, by how much is liability understated?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountHard

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