A. अवैतनिक देय राशि को देनदारी के रूप में दिखाना/To show unpaid amount due as a liability
Step 1
Concept
When the retiring partner is not paid fully at once the balance becomes a loan. It is shown as a liability of the firm.
Step 2
Why this answer is correct
The correct answer is A. अवैतनिक देय राशि को देनदारी के रूप में दिखाना / To show unpaid amount due as a liability. When the retiring partner is not paid fully at once the balance becomes a loan. It is shown as a liability of the firm.
Step 3
Exam Tip
जब अवकाशग्रहण साझेदार को पूरी राशि तुरंत नहीं दी जाती तो शेष राशि ऋण बन जाती है। इसे फर्म की देनदारी के रूप में दिखाते हैं।
This amount is payable by the firm to the retiring partner. Therefore it is shown on the liabilities side.
Step 2
Why this answer is correct
The correct answer is A. देनदारी पक्ष में / On liabilities side. This amount is payable by the firm to the retiring partner. Therefore it is shown on the liabilities side.
Step 3
Exam Tip
यह राशि फर्म को अवकाशग्रहण साझेदार को देनी होती है। इसलिए यह देनदारी पक्ष में दिखाई जाती है।
A. अवकाशग्रहण साझेदार पूंजी खाता नामे और अवकाशग्रहण साझेदार ऋण खाता जमा/Retiring partner capital account debit and retiring partner loan account credit
Step 1
Concept
When the capital amount due is converted into loan the capital account is closed. Therefore capital account is debited and loan account is credited.
Step 2
Why this answer is correct
The correct answer is A. अवकाशग्रहण साझेदार पूंजी खाता नामे और अवकाशग्रहण साझेदार ऋण खाता जमा / Retiring partner capital account debit and retiring partner loan account credit. When the capital amount due is converted into loan the capital account is closed. Therefore capital account is debited and loan account is credited.
Step 3
Exam Tip
देय पूंजी राशि को ऋण में बदलते समय पूंजी खाता बंद किया जाता है। इसलिए पूंजी खाता नामे और ऋण खाता जमा होगा।
A. अवकाशग्रहण साझेदार ऋण खाता नामे और बैंक खाता जमा/Retiring partner loan account debit and bank account credit
Step 1
Concept
Payment reduces the loan liability of the firm and also reduces bank. Therefore loan account is debited and bank account is credited.
Step 2
Why this answer is correct
The correct answer is A. अवकाशग्रहण साझेदार ऋण खाता नामे और बैंक खाता जमा / Retiring partner loan account debit and bank account credit. Payment reduces the loan liability of the firm and also reduces bank. Therefore loan account is debited and bank account is credited.
Step 3
Exam Tip
भुगतान से फर्म की ऋण देनदारी घटती है और बैंक भी घटता है। इसलिए ऋण खाता नामे और बैंक खाता जमा होगा।
A. ऋण खाते की आवश्यकता नहीं होती/Loan account is not required
Step 1
Concept
If full amount is paid immediately no unpaid liability remains. Therefore a separate loan account is not opened.
Step 2
Why this answer is correct
The correct answer is A. ऋण खाते की आवश्यकता नहीं होती / Loan account is not required. If full amount is paid immediately no unpaid liability remains. Therefore a separate loan account is not opened.
Step 3
Exam Tip
पूरी राशि तुरंत चुकाने पर कोई अवैतनिक देनदारी नहीं बचती। इसलिए अलग ऋण खाता नहीं खोला जाता।
After deducting immediate payment the remaining amount due becomes loan. (180000-50000=130000) will be transferred to loan account.
Step 2
Why this answer is correct
The correct answer is A. ₹130000. After deducting immediate payment the remaining amount due becomes loan. (180000-50000=130000) will be transferred to loan account.
Step 3
Exam Tip
तुरंत भुगतान घटाने के बाद शेष देय राशि ऋण बनती है। (180000-50000=130000) ऋण खाते में जाएगी।
A. मृत साझेदार पूंजी खाता नामे और उत्तराधिकारी ऋण खाता जमा/Deceased partner capital account debit and executor loan account credit
Step 1
Concept
The capital amount due to deceased partner becomes loan payable to executor. Therefore capital account is debited and executor loan account is credited.
Step 2
Why this answer is correct
The correct answer is A. मृत साझेदार पूंजी खाता नामे और उत्तराधिकारी ऋण खाता जमा / Deceased partner capital account debit and executor loan account credit. The capital amount due to deceased partner becomes loan payable to executor. Therefore capital account is debited and executor loan account is credited.
Step 3
Exam Tip
मृत साझेदार की देय पूंजी राशि उत्तराधिकारी को देय ऋण बन जाती है। इसलिए पूंजी खाता नामे और उत्तराधिकारी ऋण खाता जमा होगा।
Partner loan generally carries interest at 6 percent per annum. Use this rule in exams when rate is not given.
Step 2
Why this answer is correct
The correct answer is A. 6 प्रतिशत वार्षिक / 6 percent per annum. Partner loan generally carries interest at 6 percent per annum. Use this rule in exams when rate is not given.
Step 3
Exam Tip
साझेदार के ऋण पर सामान्यतः 6 प्रतिशत वार्षिक ब्याज माना जाता है। परीक्षा में दर न हो तो यही नियम उपयोग करें।
When the agreement clearly gives a rate that rate applies. The general rate is used only when no rate is given.
Step 2
Why this answer is correct
The correct answer is A. समझौते में दी गई दर / Rate given in agreement. When the agreement clearly gives a rate that rate applies. The general rate is used only when no rate is given.
Step 3
Exam Tip
स्पष्ट समझौता होने पर वही दर लागू होती है। सामान्य दर केवल दर न होने पर उपयोग होती है।
A. ब्याज खर्च है और मूलधन भुगतान देनदारी घटाता है/Interest is expense and principal payment reduces liability
Step 1
Concept
Interest is an expense of the firm while principal payment reduces loan liability. Read both separately.
Step 2
Why this answer is correct
The correct answer is A. ब्याज खर्च है और मूलधन भुगतान देनदारी घटाता है / Interest is expense and principal payment reduces liability. Interest is an expense of the firm while principal payment reduces loan liability. Read both separately.
Step 3
Exam Tip
ब्याज फर्म का खर्च है जबकि मूलधन भुगतान ऋण देनदारी को घटाता है। दोनों को अलग अलग पढ़ें।
Installment payment reduces loan liability. Therefore it is recorded on the debit side of loan account.
Step 2
Why this answer is correct
The correct answer is A. नामे पक्ष / Debit side. Installment payment reduces loan liability. Therefore it is recorded on the debit side of loan account.
Step 3
Exam Tip
किस्त भुगतान से ऋण देनदारी घटती है। इसलिए यह ऋण खाते के नामे पक्ष में दर्ज होता है।
Interest due increases the amount payable to the partner. Therefore it is recorded on the credit side of loan account.
Step 2
Why this answer is correct
The correct answer is A. जमा पक्ष / Credit side. Interest due increases the amount payable to the partner. Therefore it is recorded on the credit side of loan account.
Step 3
Exam Tip
देय ब्याज से साझेदार को भुगतान योग्य राशि बढ़ती है। इसलिए यह ऋण खाते के जमा पक्ष में लिखा जाता है।
Credit balance means the firm still has to pay the amount. Therefore it shows remaining liability.
Step 2
Why this answer is correct
The correct answer is A. फर्म की बाकी देनदारी / Firm remaining liability. Credit balance means the firm still has to pay the amount. Therefore it shows remaining liability.
Step 3
Exam Tip
जमा शेष का अर्थ है कि फर्म को अभी राशि चुकानी है। इसलिए यह बाकी देनदारी दिखाता है।
A. पूंजी साझेदारी अधिकार दिखाती है और ऋण unpaid देनदारी दिखाता है/Capital shows partnership entitlement and loan shows unpaid liability
Step 1
Concept
After retirement the unpaid part of capital entitlement becomes loan. Loan account shows liability of the firm.
Step 2
Why this answer is correct
The correct answer is A. पूंजी साझेदारी अधिकार दिखाती है और ऋण unpaid देनदारी दिखाता है / Capital shows partnership entitlement and loan shows unpaid liability. After retirement the unpaid part of capital entitlement becomes loan. Loan account shows liability of the firm.
Step 3
Exam Tip
अवकाशग्रहण के बाद पूंजी अधिकार का unpaid भाग ऋण बन जाता है। ऋण खाता फर्म की देनदारी बताता है।
Payment reduces the liability of the firm. Therefore payment is debited in loan account.
Step 2
Why this answer is correct
The correct answer is A. देय ऋण घटता है / Loan payable decreases. Payment reduces the liability of the firm. Therefore payment is debited in loan account.
Step 3
Exam Tip
भुगतान से फर्म की देनदारी घटती है। इसलिए भुगतान ऋण खाते में नामे किया जाता है।
Interest is an additional amount payable to the partner. Therefore credit balance of loan account increases.
Step 2
Why this answer is correct
The correct answer is A. देय राशि बढ़ती है / Amount payable increases. Interest is an additional amount payable to the partner. Therefore credit balance of loan account increases.
Step 3
Exam Tip
ब्याज साझेदार को अतिरिक्त देय राशि है। इसलिए ऋण खाते का जमा शेष बढ़ जाता है।
For installment payment the unpaid amount due is kept in executor loan account. Each installment reduces this liability.
Step 2
Why this answer is correct
The correct answer is A. उत्तराधिकारी ऋण खाता / Executor loan account. For installment payment the unpaid amount due is kept in executor loan account. Each installment reduces this liability.
Step 3
Exam Tip
किस्तों में भुगतान के लिए unpaid देय राशि को उत्तराधिकारी ऋण खाते में रखा जाता है। हर किस्त इस देनदारी को घटाती है।
For the first 5 months full ₹200000 was outstanding. Interest is \(200000 \times \frac{6}{100} \times \frac{5}{12}=5000\).
Step 2
Why this answer is correct
The correct answer is A. ₹5000. For the first 5 months full ₹200000 was outstanding. Interest is \(200000 \times \frac{6}{100} \times \frac{5}{12}=5000\).
Step 3
Exam Tip
पहले 5 माह पूरा ₹200000 बकाया था। ब्याज \(200000 \times \frac{6}{100} \times \frac{5}{12}=5000\) होगा।
After principal payment of ₹50000 the outstanding balance becomes ₹150000. Interest for next 7 months is charged on this amount.
Step 2
Why this answer is correct
The correct answer is A. ₹150000. After principal payment of ₹50000 the outstanding balance becomes ₹150000. Interest for next 7 months is charged on this amount.
Step 3
Exam Tip
₹50000 मूलधन भुगतान के बाद बकाया ₹150000 रह जाता है। अगले 7 माह का ब्याज इसी पर लगेगा।
A. इसे ऋण खाते में जमा किया जाएगा/It will be credited to loan account
Step 1
Concept
Due interest is a liability of the firm even if unpaid. It is credited to loan account to increase amount payable.
Step 2
Why this answer is correct
The correct answer is A. इसे ऋण खाते में जमा किया जाएगा / It will be credited to loan account. Due interest is a liability of the firm even if unpaid. It is credited to loan account to increase amount payable.
Step 3
Exam Tip
देय ब्याज unpaid रहने पर भी फर्म की देनदारी है। इसे ऋण खाते में जमा करके देय राशि बढ़ाई जाती है।
A. जब फर्म पर देय राशि बढ़े/When amount payable by firm increases
Step 1
Concept
When the firm owes more to the partner the loan account is credited. It shows increase in liability.
Step 2
Why this answer is correct
The correct answer is A. जब फर्म पर देय राशि बढ़े / When amount payable by firm increases. When the firm owes more to the partner the loan account is credited. It shows increase in liability.
Step 3
Exam Tip
फर्म जब साझेदार को अधिक देय होती है तो ऋण खाता जमा होता है। यह देनदारी बढ़ने का संकेत है।
A. पूंजी खाते में अंतिम देय राशि निकालने के बाद/After finding final amount due in capital account
Step 1
Concept
First all adjustments are made in capital account. If final amount remains due then loan account is prepared.
Step 2
Why this answer is correct
The correct answer is A. पूंजी खाते में अंतिम देय राशि निकालने के बाद / After finding final amount due in capital account. First all adjustments are made in capital account. If final amount remains due then loan account is prepared.
Step 3
Exam Tip
पहले पूंजी खाते में सभी समायोजन किए जाते हैं। अंतिम देय राशि बचने पर ऋण खाता बनाया जाता है।
A. पूंजी खाता बंद हो जाता है/Capital account is closed
Step 1
Concept
Transferring the due balance to loan account clears the capital account balance. Therefore capital account is closed.
Step 2
Why this answer is correct
The correct answer is A. पूंजी खाता बंद हो जाता है / Capital account is closed. Transferring the due balance to loan account clears the capital account balance. Therefore capital account is closed.
Step 3
Exam Tip
देय शेष ऋण खाते में भेजने से पूंजी खाते का शेष समाप्त हो जाता है। इसलिए पूंजी खाता बंद हो जाता है।
A. जो राशि पहले ही चुका दी गई है/Amount already paid
Step 1
Concept
Interest is charged only on outstanding loan. Amount already paid does not carry further interest.
Step 2
Why this answer is correct
The correct answer is A. जो राशि पहले ही चुका दी गई है / Amount already paid. Interest is charged only on outstanding loan. Amount already paid does not carry further interest.
Step 3
Exam Tip
ब्याज केवल बकाया ऋण पर लगता है। पहले से चुकाई गई राशि पर आगे ब्याज नहीं लगाया जाता।
For the first 7 months full ₹90000 was outstanding. Interest is \(90000 \times \frac{6}{100} \times \frac{7}{12}=3150\).
Step 2
Why this answer is correct
The correct answer is A. ₹3150. For the first 7 months full ₹90000 was outstanding. Interest is \(90000 \times \frac{6}{100} \times \frac{7}{12}=3150\).
Step 3
Exam Tip
पहले 7 माह पूरा ₹90000 बकाया था। ब्याज \(90000 \times \frac{6}{100} \times \frac{7}{12}=3150\) होगा।
After principal payment of ₹20000 the outstanding balance becomes ₹70000. Interest for next 5 months is charged on this balance.
Step 2
Why this answer is correct
The correct answer is A. ₹70000. After principal payment of ₹20000 the outstanding balance becomes ₹70000. Interest for next 5 months is charged on this balance.
Step 3
Exam Tip
₹20000 मूलधन भुगतान के बाद बकाया ₹70000 रह जाता है। अगले 5 माह का ब्याज इसी बकाया पर लगेगा।
A. मूल ऋण नहीं बदलेगा/Principal loan will not change
Step 1
Concept
Interest credit and payment of the same interest do not have net effect on principal. Therefore principal loan remains unchanged.
Step 2
Why this answer is correct
The correct answer is A. मूल ऋण नहीं बदलेगा / Principal loan will not change. Interest credit and payment of the same interest do not have net effect on principal. Therefore principal loan remains unchanged.
Step 3
Exam Tip
ब्याज जमा और उसी ब्याज का भुगतान मूलधन पर शुद्ध प्रभाव नहीं डालते। इसलिए मूल ऋण वही रहता है।
A. पूरी देय राशि चुका दी गई/Full amount due has been paid
Step 1
Concept
Zero balance shows that loan liability has ended. It means full payment has been made.
Step 2
Why this answer is correct
The correct answer is A. पूरी देय राशि चुका दी गई / Full amount due has been paid. Zero balance shows that loan liability has ended. It means full payment has been made.
Step 3
Exam Tip
शून्य शेष बताता है कि ऋण देनदारी समाप्त हो गई है। इसका अर्थ पूरा भुगतान हो चुका है।
A. फर्म ने देय राशि से अधिक भुगतान कर दिया/Firm has paid more than the amount due
Step 1
Concept
Loan account normally shows credit balance. A debit balance may indicate overpayment beyond the amount due.
Step 2
Why this answer is correct
The correct answer is A. फर्म ने देय राशि से अधिक भुगतान कर दिया / Firm has paid more than the amount due. Loan account normally shows credit balance. A debit balance may indicate overpayment beyond the amount due.
Step 3
Exam Tip
ऋण खाता सामान्यतः जमा शेष दिखाता है। नामे शेष असामान्य रूप से अधिक भुगतान का संकेत दे सकता है।
Interest is \(275000 \times \frac{4}{100}=11000\) so amount due becomes ₹286000. After payment of ₹95000 the balance is ₹191000.
Step 2
Why this answer is correct
The correct answer is A. ₹191000. Interest is \(275000 \times \frac{4}{100}=11000\) so amount due becomes ₹286000. After payment of ₹95000 the balance is ₹191000.
Step 3
Exam Tip
ब्याज \(275000 \times \frac{4}{100}=11000\) है इसलिए देय राशि ₹286000 होगी। ₹95000 भुगतान के बाद शेष ₹191000 रहेगा।
A. देनदारी गलत तरीके से बढ़ जाएगी/Liability will wrongly increase
Step 1
Concept
Payment should be on debit side of loan account because it reduces liability. Recording it on credit side will overstate liability.
Step 2
Why this answer is correct
The correct answer is A. देनदारी गलत तरीके से बढ़ जाएगी / Liability will wrongly increase. Payment should be on debit side of loan account because it reduces liability. Recording it on credit side will overstate liability.
Step 3
Exam Tip
भुगतान ऋण खाते के नामे पक्ष में होना चाहिए क्योंकि यह देनदारी घटाता है। जमा पक्ष में लिखने से देनदारी अधिक दिखेगी।
A. ऋण शेष कम दिखेगा/Loan balance will be understated
Step 1
Concept
Interest increases amount payable. If it is not added the loan liability will be understated.
Step 2
Why this answer is correct
The correct answer is A. ऋण शेष कम दिखेगा / Loan balance will be understated. Interest increases amount payable. If it is not added the loan liability will be understated.
Step 3
Exam Tip
ब्याज देय राशि को बढ़ाता है। इसे न जोड़ने पर ऋण की देनदारी कम दिखाई देगी।
A. देनदारी पक्ष में ₹88000/₹88000 on liabilities side
Step 1
Concept
Credit balance of loan account is a liability of the firm. Therefore it will be shown on liabilities side of the balance sheet.
Step 2
Why this answer is correct
The correct answer is A. देनदारी पक्ष में ₹88000 / ₹88000 on liabilities side. Credit balance of loan account is a liability of the firm. Therefore it will be shown on liabilities side of the balance sheet.
Step 3
Exam Tip
ऋण खाते का जमा शेष फर्म की देनदारी है। इसलिए इसे बैलेंस शीट के देनदारी पक्ष में दिखाया जाएगा।
Interest due increases loan liability so it is added. Payments reduce liability so they are deducted.
Step 2
Why this answer is correct
The correct answer is A. देय ब्याज / Interest due. Interest due increases loan liability so it is added. Payments reduce liability so they are deducted.
Step 3
Exam Tip
देय ब्याज ऋण देनदारी को बढ़ाता है इसलिए इसे जोड़ा जाता है। भुगतान देनदारी घटाते हैं इसलिए उन्हें घटाया जाता है।
