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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।

AccountancyWhy is revaluation profit not directly entered in the retiring partner's loan account while preparing it?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountHardAccountancyIf interest is added to the retiring partner's loan account but not debited to Profit and Loss Account, which effect will be wrong?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountHardAccountancyInterest on ₹72000 loan should have been ₹3600 at year end, but only ₹3000 was recorded. By how much is the loan liability understated?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountHardAccountancyIf, after adding interest to a retiring partner's loan account, the bank payment equals only the principal, what will the balance represent?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountHardAccountancySamira retired on 1 July and ₹90000 remained as loan. Year end is 31 March and interest is six percent per annum. What is interest up to year end?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountHardAccountancyHow will the interest period on a loan be determined when retirement occurs during the year?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountHardAccountancyIn which situation will the amount transferred to loan account be less than the retiring partner's final capital balance?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountHardAccountancyWhat error occurs if payment of retiring partner's loan is debited to Profit and Loss Account?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountHardAccountancyIf a deceased partner's executor loan account has a ₹78,000 credit balance and ₹4,680 interest, what liability will be shown in the balance sheet if no payment is made?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountHardAccountancyA loan of ₹100000 remained outstanding for two years and agreement provides six percent annual compound interest. What is the total payable after two years?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountHardAccountancyIf the agreement says interest on retiring partner's loan is compounded annually, what happens if simple interest is applied?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountHardAccountancyIn a case, loan was ₹200000, interest of ₹12000 was added at year end and ₹80000 was paid immediately. What will be the balance after year end?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountHardAccountancyWhy should the balance of a retiring partner's loan account not be taken back to capital account?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountHardAccountancyIf the balance after adding interest in a retiring partner's loan account is ₹154500 and interest was ₹4500, what was the original outstanding loan?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountHardAccountancyA loan of ₹60000 is paid in three equal monthly instalments. Ignoring interest, what is the effect of each instalment on the loan account?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountHardAccountancyIf interest recorded in retiring partner's loan account and interest paid through bank differ, what should be reconciled first?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountHardAccountancyA partnership agreement says the retiring partner will not get interest on loan, but payment will be after two years. What is the correct treatment?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountHardAccountancyDebit to which account will reduce the liability of a retiring partner's loan?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountHardAccountancyA loan of ₹140000 carries seven percent for first six months and six percent for next six months. No payment was made. What is total interest?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountHardAccountancyIf interest on a retiring partner's loan is shown as paid directly through bank without first recording interest due, what will be missing in accounting presentation?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountHard

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