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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।

AccountancyWhen interest on a partner’s loan becomes due before it is paid, on the basis of which accounting concept is it recognised?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountExpert AccountancyAfter reconstitution, what will be the annual interest on a partner’s loan account of ₹4,00,000 at 3%?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountExpert AccountancyWhen the amount due to a retiring partner is not paid immediately, in which situation is the partner’s capital account closed and the balance transferred to the partner’s loan account?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountExpert AccountancyWhat accounting effect arises when a partner’s loan account is paid?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountExpert AccountancyA retired partner’s loan account has a balance of ₹1,80,000. If interest is payable on it at 5% per annum, what will be the interest for one year?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountExpert AccountancyWhen interest payable on a partner’s loan is paid in cash, on which side will the Cash Account be recorded in the journal entry?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountExpert AccountancyWhy is a loan account opened for the amount due to a retiring or deceased partner when it is not paid immediately?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountExpert AccountancyA retired partner’s loan account has a balance of ₹70,000, carrying interest at 6% per annum. What will be the interest for one year?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountExpert AccountancyIf the amount due to a retiring partner is not paid immediately, which of the following accounts may be continued?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountExpert AccountancyWhat will be the interest for one year on a partner’s loan account of ₹250000 at 12% per annum?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountExpert AccountancyIf the amount due to a retiring partner is not paid immediately, which amount may be added after transferring it to the partner’s loan account?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountExpert AccountancyInterest on a partner’s loan account is generally calculated on what basis?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountExpert AccountancyWhen ₹30,000 is paid against a partner’s loan account, which entry will be made in that account?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountExpert AccountancyAfter reconstitution, what does a credit balance in a partner’s loan account indicate?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountExpert AccountancyAfter reconstitution, ₹90,000 is outstanding in the retiring partner’s loan account at 10% per annum for 9 months. What will be the interest for this period?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountExpert AccountancyTransfer of the amount due to a deceased partner to the partner’s loan account reflects which accounting principle?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountExpert AccountancyWhen interest is added to a partner’s loan account at the end of the year, what happens to the amount payable according to the account?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountExpert AccountancyAn amount of ₹1,20,000 payable to a retiring partner is transferred to the partner’s loan account. Which accounting element will increase due to this entry?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountExpert AccountancyInterest paid on a partner’s loan account is what type of item for the firm?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountExpert AccountancyA retiring partner’s loan account is generally not adjusted with which of the following items?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountExpert