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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।

AccountancyIf the retiring partner is paid the entire amount immediately through the bank, when will the Loan Account be used?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountEasyAccountancyA partner’s Loan Account has an opening credit balance of ₹2,25,000. Interest of ₹13,500 is credited to the account, and ₹70,000 is paid. What will be the final credit balance of the Loan Account?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountExpertAccountancyLoan is ₹150000 at 8 percent interest. ₹30000 principal is paid after 3 months and ₹40000 after 9 months. What is total interest for the year?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountExpertAccountancyLoan is ₹240000 at 6 percent interest. ₹90000 principal is paid after 6 months. What is total interest for the year?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountExpertAccountancyA payment of ₹72,000 includes ₹12,000 as interest. By what amount will the loan principal decrease?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountMediumAccountancyIf interest due is omitted from the credit of a partner’s loan account, what will be the effect on the final loan balance?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountExpertAccountancyIf payment is wrongly recorded on credit side of loan account what will happen?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountExpertAccountancyWhat is 6 percent per annum interest for 10 months on executor loan of ₹96000?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountExpertAccountancyAn executor’s Loan Account has a balance of ₹140,000. If ₹56,000 is paid and ₹8,400 interest is credited, what is the final balance?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountMediumAccountancyIn which account is unpaid amount due to a deceased partner kept?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountExpertAccountancyThe retiring partner’s loan account has an outstanding balance of ₹2,50,000. After adding 5% interest, a payment of ₹60,000 is made. What amount will remain in the loan account?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountExpertAccountancyThe opening balance of a partner’s loan account is ₹3,00,000. Interest of ₹18,000 is credited to the account, and ₹1,00,000 is paid. What will be the closing loan balance?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountExpertAccountancyA payment of ₹50,000 includes ₹8,000 as interest. By how much will the loan principal decrease?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountMediumAccountancyWhat is interest on ₹200000 loan at 7.5 percent per annum for 8 months?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountExpertAccountancy₹275,000 is due to a retiring partner, and ₹75,000 is paid immediately. How much will be transferred to the partner’s Loan Account?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountMediumAccountancyWhy is the unpaid amount treated as loan instead of capital after retirement?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountExpertAccountancyWhy is interest on a retiring partner loan not treated as appropriation of profit?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountExpertAccountancyIf the interest rate on a loan given by a partner to the firm is clearly specified in the partnership agreement, what will apply instead of the general 6% rule?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountExpertAccountancyIf no rate is given in the agreement what general interest rate is assumed on partner loan?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountExpertAccountancyWhat is the accounting effect when the firm pays the amount due in a retiring partner’s loan account through the bank?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountExpert

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