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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।

AccountancyRetiring partner loan is ₹100000. ₹40000 is paid after six months. What is interest for the first six months at 6 percent per annum?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountMediumAccountancyWhat is 6 percent per annum interest for 9 months on executor loan of ₹80000?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountMediumAccountancyIf payment to deceased partner executor is to be made in installments which account is useful?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountMediumAccountancyOn which side is the initial transfer recorded in retiring partner loan account?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountMediumAccountancyOn which side is interest recorded in retiring partner loan account?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountMediumAccountancyOn which side is the amount paid recorded in the retiring partner’s loan account?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountMediumAccountancyThe loan account of a retiring partner has an outstanding balance of ₹1,50,000. If the first instalment of ₹60,000 is paid and no interest is payable, what amount will remain in the loan account?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountMediumAccountancyInterest of ₹7,000 is credited to a retiring partner’s loan account, which has an initial balance of ₹70,000. If ₹30,000 is paid to the partner, what will be the final balance of the loan account?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountMediumAccountancyWhy is the partner treated like a lender after retirement?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountMediumAccountancyWhat is the similarity between retiring partner loan and outside loan?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountMediumAccountancyInterest on retiring partner loan may ultimately be transferred to which account?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountMediumAccountancyWhen an installment of a retiring or deceased partner’s loan is paid through the bank, which entry will be made in the Bank Account?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountMediumAccountancyWhat does a credit balance in the retiring partner’s loan account represent?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountMediumAccountancyWhat is interest on retiring partner loan of ₹50000 at 6 percent per annum for 4 months?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountMediumAccountancyThe loan account of a retiring partner has a balance of ₹1,20,000. At the end of the year, 5% interest is added before making a payment of ₹50,000. What amount will remain in the loan account after the payment?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountMediumAccountancyAfter finding final amount due to retiring partner when is it transferred to loan account?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountMediumAccountancyWhen is the retiring partner’s loan account closed?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountMediumAccountancyInterest on retiring partner loan is treated as what kind of expense for the firm?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountMediumAccountancyIf interest rate on retiring partner loan is not given in the agreement which rate is generally used?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountMediumAccountancyWhat is the entry to transfer deceased partner capital balance to executor loan account?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountMedium

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