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Partners Loan

Class 12 Accountancy के इस tag से जुड़े questions। हर question के साथ chapter, topic, level और difficulty दी गई है।

AccountancyWhy is the unpaid amount treated as loan instead of capital after retirement?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 AccountExpertAccountancyIn the entry converting final amount due to retiring partner into loan which account is debited?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountExpertAccountancyAt expert level what situation does retiring partner loan account represent?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountExpertAccountancyWhich amount should be added while calculating final balance of retiring partner loan account?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountMediumAccountancyIf interest ₹9600 is credited to retiring partner loan account and principal payment ₹40000 is made what is the net decrease in total liability?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountMediumAccountancyRetiring partner loan account has final credit balance of ₹88000. How will it appear in balance sheet?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountMediumAccountancyAn installment of ₹50000 includes interest of ₹8000. By how much will loan principal reduce?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountMediumAccountancyRetiring partner loan is ₹240000. Principal ₹90000 is paid after 6 months. What is total interest for the year at 6 percent per annum?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountMediumAccountancyIf interest payable on a partner’s loan is not credited to the partner’s loan account, what will be the effect on the final loan balance?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountMediumAccountancyIf payment in loan account is wrongly recorded on credit side what error will occur?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountMediumAccountancyInterest rate on retiring partner loan is 9 percent per annum. What is interest for 10 months on ₹180000 loan?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountMediumAccountancyRetiring partner loan is ₹275000 and 4 percent annual interest is added for one year. If ₹95000 is paid what is the remaining loan?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountMediumAccountancyIf a debit balance remains in retiring partner loan account what is the general meaning?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountMediumAccountancyWhat does zero balance of retiring partner loan account show?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountMediumAccountancyIf interest ₹4800 is credited to loan account and full interest is paid by bank on the same day what is the effect on principal loan?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountMediumAccountancyLoan is ₹90000 at 6 percent per annum. ₹20000 is paid after 7 months. What is interest for first 7 months?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountMediumAccountancyOn which amount should interest on loan not be charged?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountMedium

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