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Class 12 · Accountancy · Hard
→Which option gives the correct difference between loan interest and principal repayment?
Class 12 · Accountancy · Hard
→A loan account has credit items of ₹175000 and debit payment of ₹65000. If credit items include interest of ₹10000, what is the closing credit balance?
Class 12 · Accountancy · Hard
→If interest on loan is due but not paid, what is the double effect?
Class 12 · Accountancy · Hard
→A retiring partner was due ₹220000. The firm settled ₹70000 by cash and ₹30000 by giving investments. What will be the remaining loan amount?
Class 12 · Accountancy · Hard
→Retirement occurred at the beginning of the year and ₹140000 remained as loan. ₹50000 was paid at year end. At six percent, what is interest for that year?
Class 12 · Accountancy · Hard
→Agreement interest on loan is nine percent but the accountant applied the general six percent. On ₹200000 for one year, by how much is liability understated?
Class 12 · Accountancy · Hard
→Payment of ₹75000 was wrongly credited to the retiring partner's loan account, though the correct treatment was debit. By what amount should the loan account be debited for rectification?
Class 12 · Accountancy · Hard
→In which situation does a retiring partner's loan account give a more appropriate classification than capital account?
Class 12 · Accountancy · Hard
→If deceased partner's executor loan account has ₹95000 balance and ₹5700 interest, and ₹40000 is paid, what liability will remain?
Class 12 · Accountancy · Hard
→Deepa was due ₹360000. ₹120000 was paid immediately and the balance is payable in two equal annual instalments. What is six percent interest before the first instalment?
Class 12 · Accountancy · Hard
→What will be the result if interest on retiring partner's loan is treated as interest on capital and posted to Appropriation Account?
Class 12 · Accountancy · Hard
→A loan account has opening credit ₹110000, ₹30000 is paid after four months and the balance remains outstanding for the next eight months. At six percent per annum, what is the total interest?
Class 12 · Accountancy · Hard
→If the retiring partner's final capital account has a credit balance of ₹130000 and a cheque of ₹50000 is given immediately, what is the correct amount transferred to the loan account?
Class 12 · Accountancy · Hard
→Prateek was due ₹240000 on retirement, ₹90000 was paid immediately and interest on the balance is charged for nine months at eight percent per annum. What is the total amount payable before payment?
Class 12 · Accountancy · Medium
→Which amount should be added while calculating final balance of retiring partner loan account?
Class 12 · Accountancy · Medium
→If interest ₹9600 is credited to retiring partner loan account and principal payment ₹40000 is made what is the net decrease in total liability?
Class 12 · Accountancy · Medium
→Retiring partner loan account has final credit balance of ₹88000. How will it appear in balance sheet?
Class 12 · Accountancy · Medium
→An installment of ₹50000 includes interest of ₹8000. By how much will loan principal reduce?
Class 12 · Accountancy · Medium
→Retiring partner loan is ₹240000. Principal ₹90000 is paid after 6 months. What is total interest for the year at 6 percent per annum?
Class 12 · Accountancy · Medium
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