Search questions
Use text search or combine filters to find exactly the questions you need.
Class 12 · Accountancy
→A ₹60000 loan is paid in three equal quarterly instalments. Ignoring interest, what will be recorded in the loan account after each instalment?
Class 12 · Accountancy
→If loan interest of ₹4500 should have been recorded but was completely omitted, which effect is correct?
Class 12 · Accountancy
→Why is new profit-sharing ratio irrelevant in calculating interest on retiring partner's loan?
Class 12 · Accountancy
→On ₹150000 loan, ₹9000 interest was added at year end and ₹50000 was paid. What will be the base loan for the next period?
Class 12 · Accountancy
→Which statement shows the correct relation between loan account and balance sheet?
Class 12 · Accountancy
→On a ₹84000 loan, ₹24000 was paid after two months and the balance remained outstanding for ten months. What is interest at six percent per annum?
Class 12 · Accountancy
→If the retiring partner's final capital account has a debit balance of ₹25000, which statement about loan account is correct?
Class 12 · Accountancy
→Revaluation profit is not directly entered in the retiring partner's loan account. What is the most correct reason?
Class 12 · Accountancy
→If the agreement clearly says no interest, but the accountant added ₹8000 interest. Which correction is correct?
Class 12 · Accountancy
→A loan of ₹250000 remained outstanding for two years and agreement provides five percent annual compound interest. What is total payable after two years?
Class 12 · Accountancy
→If interest is added to a loan account but the full amount is paid immediately, what will be the loan balance in the balance sheet?
Class 12 · Accountancy
→Retirement took place on 1 October and ₹120000 became loan. Year end is 31 March and interest is six percent per annum. What is year-end interest?
Class 12 · Accountancy
→Why is bank payment debited and interest credited in a retiring partner's loan account?
Class 12 · Accountancy
→₹9000 interest was added to the loan account but only ₹6000 was debited to Profit and Loss Account. By how much will profit be overstated?
Class 12 · Accountancy
→In which circumstance will the loan account amount be equal to the retiring partner's final capital balance?
Class 12 · Accountancy
→There was a loan of ₹180000. After six months ₹80000 was paid and the balance remained outstanding for next six months. At eight percent, what is total interest?
Class 12 · Accountancy
→The agreement states that interest on a loan will be charged only up to the date of final payment. What does this practically mean?
Class 12 · Accountancy
→A retiring partner's loan account shows ₹60000 credit balance, but ₹75000 is paid through bank. If there was no interest, what does this indicate?
Class 12 · Accountancy
→If payment of loan is debited to Profit and Loss Account, what will be the effect?
Class 12 · Accountancy
→