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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।

AccountancyInterest of ₹15,000 is credited to a Loan Account. If a total payment of ₹65,000, including this interest, is made in the same year, by how much will the principal decrease?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountMediumAccountancyWhat is the most common expert-level mistake in a retiring partner loan account?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountExpertAccountancyA partner’s Loan Account had an opening credit balance of ₹4,20,000. During the year, ₹1,50,000 was paid. Interest of ₹10,800 is due for 6 months at 8% per annum on the balance remaining after payment. What will be the closing balance of the Loan Account?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountExpertAccountancy₹320000 was due and ₹100000 was paid immediately. What is 6 percent per annum interest for 5 months on the remaining loan?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountExpertAccountancyAfter a partner retires, the amount due to him is transferred to the Partner’s Loan Account. Evaluate the following statement in this context: “The retiring partner’s Loan Account is a liability of the firm, and interest payable on it is a charge against profit.”Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountExpertAccountancyWhat is the correct sequence for preparing retiring partner loan account?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountExpertAccountancyIf payment is wrongly debited to capital account after amount was transferred to loan what will be the effect on loan account?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountExpertAccountancyA payment made by bank to a retiring partner against the partner’s loan account was not recorded in the books. How will this error affect the balance of the loan account?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountExpertAccountancyWhy is profit share not given on balance in retiring partner loan account?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountExpertAccountancyWhich is the correct entry for payment from executor loan account?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountExpertAccountancyWhat is the main similarity between executor loan account and retiring partner loan account?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountExpertAccountancyWhat is the most important basis for calculating interest between installments?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountExpertAccountancyFor a loan taken from a partner, what is the correct accounting treatment of interest due when the firm's profit is very low?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountExpertAccountancyIf interest is payable on a partner’s Loan Account and the firm has incurred a loss, what happens to the interest?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountMediumAccountancyWhy can retiring partner loan be shown with external liabilities?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountExpertAccountancyWhat happens to capital account when amount is transferred from capital account to loan account?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountExpertAccountancyThe loan account of a retiring partner is treated as which type of account?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountExpertAccountancyIf interest is paid immediately when it becomes due which simple entry may be passed?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountExpertAccountancyAt the time of a partner’s retirement or death, if interest on the partner’s loan is due but has not yet been paid, what entry will be made in the partner’s Loan Account?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountExpertAccountancyIf interest is credited to a partner’s Loan Account and the same interest is paid through the bank on the same day, what is the effect on the principal loan?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountMedium

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