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Retirement Of Partner

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

AccountancyA balance of ₹36,000 is due in the Partner’s Loan Account. If ₹16,000 is paid, what will be the new balance in the loan account?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountEasyAccountancyWhat does a zero balance in the retiring partner’s loan account indicate?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountMediumAccountancyOn which amount should interest on a retiring partner’s loan not be charged?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountMediumAccountancyWhat type of account is the loan account of a retiring partner classified as?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountMediumAccountancyA retiring partner’s Loan Account has a balance of ₹2,10,000. An installment of ₹70,000 has been paid to the partner. If no interest is payable, what amount will remain in the Loan Account?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountMediumAccountancyIf a balance remains after recording payment in a retiring partner's loan account, where will it appear?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountEasyAccountancyRead the statement: “The retiring partner’s loan account is a liability of the firm and is debited when payment is made.” This statement is:Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountMediumAccountancyWhat does it mean when the balance of a retiring partner’s loan account becomes ₹0?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountMediumAccountancyThe format of a retiring partner’s loan account is similar to which of the following types of 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 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 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 AccountMediumAccountancyThe final amount due to a retiring partner is ₹1,25,000. If ₹25,000 is paid to him in cash, what amount will be credited to his 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 AccountMediumAccountancyWhich three pieces of information are required to calculate interest on the balance of a retiring partner’s loan account?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountEasyAccountancyThe average profit is ₹2,15,000. The capital employed is ₹16,00,000 and the normal rate of return is 11%. What is the value of goodwill based on four years’ purchase of super profit?Class 12Reconstitution - Retirement or Death of a PartnerGoodwill SettlementExpertAccountancyA, B and C share profits in the ratio 7:5:4. C retires, and the firm's goodwill is ₹1,92,000. What is C's share of goodwill?Class 12Reconstitution - Retirement or Death of a PartnerGoodwill SettlementExpert

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