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Class 12 · Accountancy · Hard
→Which option gives the correct difference between loan interest and principal repayment?
Class 12 · Accountancy · Hard
→How will the interest period on a loan be determined when retirement occurs during the year?
Class 12 · Accountancy · Medium
→If the agreement clearly gives the interest rate on the loan, which rate will apply?
Class 12 · Accountancy · Easy
→What type of liability does a retiring partner's loan account represent?
Class 12 · Accountancy · Easy
→Where will the balance of a retiring partner's loan account appear in the balance sheet?
Class 12 · Accountancy · Easy
→If ₹76000 is due to a retiring partner and ₹26000 is paid immediately, how much will go to the loan account?
Class 12 · Accountancy · Easy
→What is the effect of recording payment in a retiring partner's loan account?
Class 12 · Accountancy · Medium
→The statement says retiring partner loan account is a liability and is debited on payment. How is this statement?
Class 12 · Accountancy · Medium
→In ₹180000 loan ₹60000 principal is paid after 2 months. On what amount will interest be charged for next 10 months?
Class 12 · Accountancy · Medium
→On which amount should interest on a retiring partner’s loan not be charged?
Class 12 · Accountancy · Medium
→Payment of ₹42800 includes interest of ₹2800. What amount reduces principal?
Class 12 · Accountancy · Medium
→If installment is ₹30000 and separate interest ₹3600 is also paid what is total bank payment?
Class 12 · Accountancy · Medium
→If interest rate and installment date are given on what basis is interest calculated?
Class 12 · Accountancy · Medium
→What is 8 percent per annum interest for 6 months on executor loan of ₹90000?
Class 12 · Accountancy · Easy
→What is the effect of recording interest from Profit and Loss Account in a retiring partner's loan account?
Class 12 · Accountancy · Easy
→The interest rate on a retiring partner's loan is clearly written in the agreement. Which rule will apply?
Class 12 · Accountancy · Easy
→If the total amount due to a retiring partner is ₹90000 and ₹30000 is paid, what will be the remaining loan?
Class 12 · Accountancy · Medium
→If payment amount including interest is ₹24500 and interest is ₹4500 what is the principal reducing amount?
Class 12 · Accountancy · Medium
→On a loan of ₹100000 after principal payment of ₹40000 after six months on what amount will interest be charged for next six months?
Class 12 · Accountancy · Medium
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