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RELATED QUESTIONS

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।

AccountancyWhen will a retiring partner's loan account not be needed?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountEasyAccountancyWhat type of liability does a retiring partner's loan account represent?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountEasyAccountancyWhich item will not appear on the credit side of a retiring partner's loan account?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountEasyAccountancyWhich item will not appear on the debit side of a retiring partner's loan account?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountEasyAccountancyWhat is the effect of adding interest in a retiring partner's loan account?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountEasyAccountancyWhich journal entry is passed when the loan amount is paid to the retiring partner?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountEasyAccountancyWhat will be the interest on a ₹84000 loan for three months at six percent per annum?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountEasyAccountancyWhere will the balance of a retiring partner's loan account appear in the balance sheet?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountEasyAccountancyIf the agreement is silent about interest, what rate is generally applied on a retiring partner's loan?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountEasyAccountancyIf the partnership agreement specifies an interest rate, which rate should be applied?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountEasyAccountancyWhich account will be credited in the entry for interest on a retiring partner's loan?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountEasyAccountancyWhich account will be debited in the entry for interest on a retiring partner's loan?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountEasyAccountancyWhat will be the interest for one year on a partner’s loan of ₹30,000 at an annual rate of 6%?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountEasyAccountancyFrom the firm's point of view, what type of item is interest on a retiring partner's loan?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountEasyAccountancyIf ₹76000 is due to a retiring partner and ₹26000 is paid immediately, how much will go to the loan account?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountEasyAccountancyWhat is the effect of recording payment in a retiring partner's loan account?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountEasyAccountancyOn which side is the unpaid capital balance entered in a retiring partner's loan account?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountEasyAccountancyWhat is the main reason for transferring the unpaid amount due to a retiring partner to a loan account?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountEasyAccountancyIf the amount due to retiring partner is fully paid immediately through bank instead of transferring to loan account when will loan account be needed?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountMediumAccountancyRetiring partner loan is ₹250000. At year end 6 percent interest is added and ₹80000 is paid. What is remaining loan after payment?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountMedium

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