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Class 12 · Accountancy
→When interest is credited to a partner’s loan account, which of the following accounts is debited?
Class 12 · Accountancy
→What will be the annual interest on ₹1,44,000 in the retiring partner’s loan account at 12.5%?
Class 12 · Accountancy
→When the loan account of a retiring or deceased partner is settled through the bank, which entry is made in the Bank Account?
Class 12 · Accountancy
→A partner’s loan account carries interest at 4.25% per annum on ₹4,00,000. What will be the interest for one year?
Class 12 · Accountancy
→In which situation will interest not be added to the retiring partner’s loan account?
Class 12 · Accountancy
→What will be the interest for one year on ₹1,32,000 in a partner’s loan account at an annual rate of 5.5%?
Class 12 · Accountancy
→A partner’s loan account has a balance of ₹1,10,000. If ₹30,000 is paid from this amount, what will be the new balance?
Class 12 · Accountancy
→After retirement, who benefits from the interest credited on a retiring partner’s loan account?
Class 12 · Accountancy
→What amount of interest is payable on a partner’s loan of ₹2,25,000 at 8% per annum for 9 months?
Class 12 · Accountancy
→What is the primary purpose of creating a partner’s loan account?
Class 12 · Accountancy
→What will be the annual interest on ₹96,000 in a retiring partner’s loan account at 7.5%?
Class 12 · Accountancy
→An amount of ₹1,75,000 payable to a deceased partner is transferred to the partner’s loan account. On which side of the firm’s balance sheet will this amount be shown?
Class 12 · Accountancy
→For the business, interest payable on a partner’s loan account is treated as what type of expenditure?
Class 12 · Accountancy
→A retiring partner is entitled to ₹2,40,000. If 25% of this amount is paid immediately, what amount will be transferred to the partner’s loan account?
Class 12 · Accountancy
→The opening balance of a retiring partner’s loan account is ₹1,00,000. If 6% annual interest is added on the entire opening balance and ₹20,000 is paid during the year, what will be the closing balance of the loan account at the end of the year?
Class 12 · Accountancy
→What will be the interest for one year on a partner’s loan account of ₹75,000 at 12% per annum?
Class 12 · Accountancy
→What is the main purpose of charging interest on a deceased partner’s loan account?
Class 12 · Accountancy
→After interest is added to a partner’s loan account, its balance becomes ₹1,32,500. What is the accounting implication?
Class 12 · Accountancy
→When is a partner's loan account closed?
Class 12 · Accountancy
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