A. अवकाशग्रहण साझेदार की unpaid देय राशि दिखाना/To show unpaid amount due to retiring partner
Step 1
Concept
When final amount due is not paid immediately it becomes a loan. Therefore it is shown in a separate loan account.
Step 2
Why this answer is correct
The correct answer is A. अवकाशग्रहण साझेदार की unpaid देय राशि दिखाना / To show unpaid amount due to retiring partner. When final amount due is not paid immediately it becomes a loan. Therefore it is shown in a separate loan account.
Step 3
Exam Tip
जब अंतिम देय राशि तुरंत नहीं चुकाई जाती तो वह ऋण बन जाती है। इसलिए इसे अलग ऋण खाते में दिखाते हैं।
A. जब पूरा भुगतान तुरंत नहीं किया जाता/When full payment is not made immediately
Step 1
Concept
After all capital adjustments if the amount remains unpaid it is transferred to loan account. It becomes a liability of the firm.
Step 2
Why this answer is correct
The correct answer is A. जब पूरा भुगतान तुरंत नहीं किया जाता / When full payment is not made immediately. After all capital adjustments if the amount remains unpaid it is transferred to loan account. It becomes a liability of the firm.
Step 3
Exam Tip
पूंजी खाते में सभी समायोजन के बाद यदि राशि unpaid रहती है तो उसे ऋण खाते में भेजते हैं। यह फर्म की देनदारी होती है।
The loan account shows that the firm has to pay the retiring partner. Hence it is a liability.
Step 2
Why this answer is correct
The correct answer is A. देनदारी के रूप में / As a liability. The loan account shows that the firm has to pay the retiring partner. Hence it is a liability.
Step 3
Exam Tip
ऋण खाता बताता है कि फर्म को अवकाशग्रहण साझेदार को भुगतान करना है। इसलिए यह देनदारी है।
A. अवकाशग्रहण साझेदार पूंजी खाता नामे और अवकाशग्रहण साझेदार ऋण खाता जमा/Retiring partner capital debit and retiring partner loan credit
Step 1
Concept
The amount due in capital account is converted into a loan. 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 debit and retiring partner loan credit. The amount due in capital account is converted into a loan. Therefore capital account is debited and loan account is credited.
Step 3
Exam Tip
पूंजी खाते की देय राशि को ऋण में बदलते हैं। इसलिए पूंजी खाता नामे और ऋण खाता जमा होता है।
A. ऋण पर ब्याज खाता नामे और अवकाशग्रहण साझेदार ऋण खाता जमा/Interest on loan debit and retiring partner loan credit
Step 1
Concept
Interest is an expense for the firm and increases amount payable to the partner. Hence interest account is debited and loan account is credited.
Step 2
Why this answer is correct
The correct answer is A. ऋण पर ब्याज खाता नामे और अवकाशग्रहण साझेदार ऋण खाता जमा / Interest on loan debit and retiring partner loan credit. Interest is an expense for the firm and increases amount payable to the partner. Hence interest account is debited and loan account is credited.
Step 3
Exam Tip
ब्याज फर्म का खर्च है और साझेदार को देय राशि बढ़ाता है। इसलिए ब्याज खाता नामे और ऋण खाता जमा होता है।
A. अवकाशग्रहण साझेदार ऋण खाता नामे और बैंक खाता जमा/Retiring partner loan debit and bank credit
Step 1
Concept
Payment reduces loan liability and bank balance. 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 debit and bank credit. Payment reduces loan liability and bank balance. Therefore loan account is debited and bank account is credited.
Step 3
Exam Tip
भुगतान से ऋण देनदारी घटती है और बैंक भी घटता है। इसलिए ऋण खाता नामे और बैंक खाता जमा होगा।
The deceased partner amount is payable to his executor. If not paid immediately it is kept in executor loan account.
Step 2
Why this answer is correct
The correct answer is A. उत्तराधिकारी ऋण खाता / Executor loan account. The deceased partner amount is payable to his executor. If not paid immediately it is kept in executor loan account.
Step 3
Exam Tip
मृत साझेदार की राशि उसके उत्तराधिकारी को देय होती है। तुरंत भुगतान न होने पर उसे उत्तराधिकारी ऋण खाते में रखते हैं।
When agreement gives a rate that rate applies. Use the general rate 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 agreement gives a rate that rate applies. Use the general rate only when no rate is given.
Step 3
Exam Tip
समझौता होने पर वही ब्याज दर लागू होती है। सामान्य दर तभी उपयोग करें जब दर न दी गई हो।
The general rule for partner loan is 6 percent per annum. In exams use this when no rate is given.
Step 2
Why this answer is correct
The correct answer is A. 6 प्रतिशत वार्षिक / 6 percent per annum. The general rule for partner loan is 6 percent per annum. In exams use this when no rate is given.
Step 3
Exam Tip
साझेदार के ऋण पर सामान्य नियम 6 प्रतिशत वार्षिक माना जाता है। परीक्षा में दर न हो तो यही मानना सुरक्षित है।
Interest on loan is an expense of the firm. It is treated as a charge against profit and not as profit appropriation.
Step 2
Why this answer is correct
The correct answer is A. लाभ के विरुद्ध खर्च / Charge against profit. Interest on loan is an expense of the firm. It is treated as a charge against profit and not as profit appropriation.
Step 3
Exam Tip
ऋण पर ब्याज फर्म का खर्च है। यह लाभ के विनियोजन की तरह नहीं बल्कि देय खर्च की तरह माना जाता है।
A. जब मूलधन और देय ब्याज पूरा चुका दिया जाए/When principal and due interest are fully paid
Step 1
Concept
Loan account is a liability of the firm. When full principal and interest are paid the liability ends.
Step 2
Why this answer is correct
The correct answer is A. जब मूलधन और देय ब्याज पूरा चुका दिया जाए / When principal and due interest are fully paid. Loan account is a liability of the firm. When full principal and interest are paid the liability ends.
Step 3
Exam Tip
ऋण खाता फर्म की देनदारी है। पूरी मूल राशि और ब्याज चुकाने पर देनदारी समाप्त हो जाती है।
A. ब्याज खर्च है और मूलधन भुगतान देनदारी घटाता है/Interest is expense and principal repayment reduces liability
Step 1
Concept
Interest is an expense of the firm while principal repayment reduces loan liability. Both must be identified 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 repayment reduces liability. Interest is an expense of the firm while principal repayment reduces loan liability. Both must be identified separately.
Step 3
Exam Tip
ब्याज फर्म का खर्च है जबकि मूलधन भुगतान ऋण देनदारी को घटाता है। दोनों को अलग पहचानना जरूरी है।
The initial amount due creates a liability of the firm. 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. The initial amount due creates a liability of the firm. Therefore it is recorded on the credit side of loan account.
Step 3
Exam Tip
प्रारंभिक देय राशि फर्म की देनदारी बनाती है। इसलिए इसे ऋण खाते के जमा पक्ष में लिखा जाता है।
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 ऋण देनदारी को घटाता है। इसलिए यह ऋण खाते के नामे पक्ष में लिखा जाता है।
Interest on loan is an expense of the firm. Therefore it can be transferred to profit and loss account.
Step 2
Why this answer is correct
The correct answer is A. लाभ हानि खाता / Profit and loss account. Interest on loan is an expense of the firm. Therefore it can be transferred to profit and loss account.
Step 3
Exam Tip
ऋण पर ब्याज फर्म का खर्च है। इसलिए इसे लाभ हानि खाते में स्थानांतरित किया जा सकता है।
A. दोनों फर्म की देनदारी हैं/Both are liabilities of the firm
Step 1
Concept
After retirement the unpaid amount due to partner becomes like liability to a lender. Hence it is treated like an outside loan.
Step 2
Why this answer is correct
The correct answer is A. दोनों फर्म की देनदारी हैं / Both are liabilities of the firm. After retirement the unpaid amount due to partner becomes like liability to a lender. Hence it is treated like an outside loan.
Step 3
Exam Tip
अवकाशग्रहण के बाद साझेदार की unpaid राशि ऋणदाता जैसी देनदारी बन जाती है। इसलिए इसका व्यवहार बाहरी ऋण जैसा है।
A. क्योंकि उसका unpaid पैसा फर्म में ऋण के रूप में रहता है/Because his unpaid money remains in firm as loan
Step 1
Concept
After retirement he does not share profits and losses. The unpaid amount remains as loan liability of the firm.
Step 2
Why this answer is correct
The correct answer is A. क्योंकि उसका unpaid पैसा फर्म में ऋण के रूप में रहता है / Because his unpaid money remains in firm as loan. After retirement he does not share profits and losses. The unpaid amount remains as loan liability of the firm.
Step 3
Exam Tip
अवकाशग्रहण के बाद वह लाभ हानि में भागीदार नहीं रहता। unpaid राशि ऋण बनकर फर्म पर देनदारी रहती है।
Payment reduces the loan liability of the firm. Therefore payment appears on the debit side of loan account.
Step 2
Why this answer is correct
The correct answer is A. देय ऋण घटता है / Loan payable decreases. Payment reduces the loan liability of the firm. Therefore payment appears on the debit side of loan account.
Step 3
Exam Tip
भुगतान फर्म की ऋण देनदारी को कम करता है। इसलिए भुगतान ऋण खाते के नामे पक्ष में आता है।
Interest is an additional amount payable to the partner. Therefore the 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 the credit balance of loan account increases.
Step 3
Exam Tip
ब्याज साझेदार को अतिरिक्त देय राशि है। इसलिए ऋण खाते का जमा शेष बढ़ता है।
A. फर्म की अभी बाकी देनदारी/Firm remaining liability
Step 1
Concept
Credit balance shows that the firm still has to pay. Therefore read it as a liability.
Step 2
Why this answer is correct
The correct answer is A. फर्म की अभी बाकी देनदारी / Firm remaining liability. Credit balance shows that the firm still has to pay. Therefore read it as a liability.
Step 3
Exam Tip
जमा शेष बताता है कि फर्म को अभी भुगतान करना है। इसलिए इसे देनदारी के रूप में पढ़ें।
Unpaid amount due to deceased partner is kept in executor loan account. It decreases with installment payments.
Step 2
Why this answer is correct
The correct answer is A. उत्तराधिकारी ऋण खाता / Executor loan account. Unpaid amount due to deceased partner is kept in executor loan account. It decreases with installment payments.
Step 3
Exam Tip
मृत साझेदार की unpaid देय राशि उत्तराधिकारी ऋण खाते में रखी जाती है। किस्तों के भुगतान से यह घटता है।
A. समय के अनुसार बकाया ऋण पर/On outstanding loan according to time
Step 1
Concept
Interest is always based on outstanding loan and time period. After an installment the outstanding balance changes.
Step 2
Why this answer is correct
The correct answer is A. समय के अनुसार बकाया ऋण पर / On outstanding loan according to time. Interest is always based on outstanding loan and time period. After an installment the outstanding balance changes.
Step 3
Exam Tip
ब्याज हमेशा बकाया ऋण और समय अवधि पर आधारित होता है। किस्त के बाद बकाया राशि बदल जाती है।
A. ऋण खाते में जमा करके/By crediting it to loan account
Step 1
Concept
Unpaid interest is still a liability. Therefore it is credited to loan account to increase amount payable.
Step 2
Why this answer is correct
The correct answer is A. ऋण खाते में जमा करके / By crediting it to loan account. Unpaid interest is still a liability. Therefore it is credited to loan account to increase amount payable.
Step 3
Exam Tip
देय ब्याज unpaid रहने पर भी देनदारी है। इसलिए उसे ऋण खाते में जमा करके देय राशि बढ़ाई जाती है।
A. जब फर्म पर देय राशि बढ़ती है/When amount payable by firm increases
Step 1
Concept
When lender is to receive money from the firm his account is credited. When payable amount increases the credit side increases.
Step 2
Why this answer is correct
The correct answer is A. जब फर्म पर देय राशि बढ़ती है / When amount payable by firm increases. When lender is to receive money from the firm his account is credited. When payable amount increases the credit side increases.
Step 3
Exam Tip
ऋणदाता को फर्म से राशि मिलनी है तो उसका खाता जमा होता है। देय राशि बढ़ने पर जमा पक्ष बढ़ता है।
A. जमा देय राशि और ब्याज जोड़कर नामे भुगतान घटाना/Add credit dues and interest then subtract debit payments
Step 1
Concept
In loan account credit side increases amount payable and debit side reduces it through payments. The difference shows remaining liability.
Step 2
Why this answer is correct
The correct answer is A. जमा देय राशि और ब्याज जोड़कर नामे भुगतान घटाना / Add credit dues and interest then subtract debit payments. In loan account credit side increases amount payable and debit side reduces it through payments. The difference shows remaining liability.
Step 3
Exam Tip
ऋण खाते में जमा पक्ष देय राशि बढ़ाता है और नामे पक्ष भुगतान घटाता है। अंतर शेष देनदारी बताता है।
A. पूंजी खाते में अंतिम देय राशि निकालने के बाद/After finding final amount due in capital account
Step 1
Concept
First goodwill revaluation and other adjustments are completed in capital account. Loan account is prepared only after final amount due is found.
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 goodwill revaluation and other adjustments are completed in capital account. Loan account is prepared only after final amount due is found.
Step 3
Exam Tip
पहले पूंजी खाते में सद्भावना पुनर्मूल्यांकन और अन्य समायोजन पूरे होते हैं। अंतिम देय राशि के बाद ही ऋण खाता बनता 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. यह अंतिम देय राशि को unpaid देनदारी बनाकर रखता है/It keeps final amount due as unpaid liability
Step 1
Concept
Settlement fixes the amount due and payment may happen later. Loan account shows this unpaid due amount.
Step 2
Why this answer is correct
The correct answer is A. यह अंतिम देय राशि को unpaid देनदारी बनाकर रखता है / It keeps final amount due as unpaid liability. Settlement fixes the amount due and payment may happen later. Loan account shows this unpaid due amount.
Step 3
Exam Tip
निपटान से देय राशि तय होती है और भुगतान बाद में हो सकता है। ऋण खाता इसी unpaid देय राशि को दिखाता 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। भुगतान हो चुकी राशि पर आगे ब्याज नहीं लगाया जाता।
After principal payment of ₹60000 outstanding balance is ₹120000. Interest for next 10 months is charged on this outstanding amount.
Step 2
Why this answer is correct
The correct answer is A. ₹120000. After principal payment of ₹60000 outstanding balance is ₹120000. Interest for next 10 months is charged on this outstanding amount.
Step 3
Exam Tip
₹60000 मूलधन भुगतान के बाद बकाया ₹120000 है। अगले 10 माह ब्याज इसी बकाया राशि पर लगेगा।
A. मूल ऋण नहीं बदलेगा/Principal loan will not change
Step 1
Concept
Interest credit and payment of the same interest cancel each other for principal. Hence principal loan has no net effect.
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 cancel each other for principal. Hence principal loan has no net effect.
Step 3
Exam Tip
ब्याज जमा और उसी ब्याज का भुगतान बराबर प्रभाव देते हैं। इससे मूलधन पर कोई शुद्ध प्रभाव नहीं पड़ता।
A. पूरी देय राशि चुका दी गई/Full amount due has been paid
Step 1
Concept
Zero balance means the loan liability has ended. It means the firm has made full payment.
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 means the loan liability has ended. It means the firm has made full payment.
Step 3
Exam Tip
शून्य शेष का अर्थ है कि ऋण देनदारी समाप्त हो गई। यानी फर्म ने पूरा भुगतान कर दिया है।
Interest is \(250000 \times \frac{6}{100}=15000\) so amount due becomes ₹265000. After ₹80000 payment the balance is ₹185000.
Step 2
Why this answer is correct
The correct answer is A. ₹185000. Interest is \(250000 \times \frac{6}{100}=15000\) so amount due becomes ₹265000. After ₹80000 payment the balance is ₹185000.
Step 3
Exam Tip
ब्याज \(250000 \times \frac{6}{100}=15000\) है इसलिए देय राशि ₹265000 होगी। ₹80000 भुगतान के बाद शेष ₹185000 रहेगा।
A. ऋण खाते की आवश्यकता नहीं होगी/Loan account will not be needed
Step 1
Concept
When the full amount due is paid immediately no unpaid liability remains. Therefore a separate loan account is not required.
Step 2
Why this answer is correct
The correct answer is A. ऋण खाते की आवश्यकता नहीं होगी / Loan account will not be needed. When the full amount due is paid immediately no unpaid liability remains. Therefore a separate loan account is not required.
Step 3
Exam Tip
जब पूरी देय राशि तुरंत चुका दी जाती है तो unpaid देनदारी नहीं बचती। इसलिए अलग ऋण खाता बनाने की जरूरत नहीं होती।
