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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।

AccountancyA loan of ₹180000 remained outstanding for two years and the agreement provides four percent annual compound interest. What is total payable after two years?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountHardAccountancyRetirement took place on 15 August and ₹96000 became loan. Year end is 31 March. At six percent per annum, what is interest up to year end if the period is taken as seven and a half months?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountHardAccountancyWhat is the basic rule behind crediting interest and debiting bank payment in the loan account?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountHardAccountancyInterest of ₹12,500 should have been recorded in the Loan Account, but only ₹9,500 was recorded. What is the effect on profit and liability?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountHardAccountancyIn which situation can the opening amount of loan account be more than the final capital balance?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountHardAccountancyThere was a loan of ₹210000. After four months ₹60000 was paid and the balance remained outstanding for eight months. At seven percent, what is total interest?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountHardAccountancyIf final payment date is 30 September and year end is 31 March, up to which date will interest on loan be charged?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountHardAccountancyIf loan payment is wrongly debited to Profit and Loss Account and the loan account is not debited, what will be the result?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountHardAccountancyA ₹160000 loan carries eight percent annual interest for first five months and six percent for next seven months. No payment is made. What is total interest?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountHardAccountancyA loan account has credit items of ₹230000 and debit items of ₹95000. Credit items include interest of ₹12000. What is the closing credit balance?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountHardAccountancyInterest due on loan is recorded, but payment is not yet made. Which double effect is correct?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountHardAccountancyOut of ₹280000 due, ₹80000 was settled in cash and investments worth ₹50000 were given. A loan account is opened for the balance. What is the loan amount?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountHardAccountancyRetirement occurred in the middle of the year and ₹150000 became loan. Seven months are left till year end and interest is six percent per annum. What is the year-end interest?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountHardAccountancyAgreement interest on loan is eleven percent, but the accountant applied six percent. On ₹180000 for one year, by how much is liability understated?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountHardAccountancyPayment of ₹65000 was wrongly credited to the loan account, whereas it should have been debited. By what amount should the loan account be debited in rectification?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountHardAccountancyA deceased partner's executor loan account has a balance of ₹148000. After six months ₹48000 is paid and the balance remains outstanding for six months. At eight percent per annum, what is the total interest?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountHardAccountancyKaran was due ₹420000. ₹150000 was paid immediately and the balance is payable in three equal annual instalments. What is seven percent interest before the first instalment?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountHardAccountancyIf interest on loan is wrongly debited to Revaluation Account, what is the main accounting error?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountHardAccountancyA loan account has an opening credit of ₹125000. After three months ₹45000 is paid and the balance remains outstanding for nine months. At six percent per annum, what is the total interest?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountHardAccountancyThe retiring partner's final capital account has a credit balance of ₹185000. ₹75000 was paid through bank immediately and furniture of ₹25000 was given in settlement. How much will be transferred to the loan account?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountHard

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