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Class 12 · Accountancy
→Payment of ₹36500 includes interest of ₹6500. What amount reduces principal?
Class 12 · Accountancy
→If installment is ₹45000 and separate interest ₹5400 is also paid what is total bank payment?
Class 12 · Accountancy
→What happens to capital account when the amount due is transferred to loan account?
Class 12 · Accountancy
→Retiring partner loan account is prepared after which stage?
Class 12 · Accountancy
→According to personal account rule when will retiring partner loan account be credited?
Class 12 · Accountancy
→What type of account is the retiring partner’s loan account considered to be?
Class 12 · Accountancy
→If due interest is not paid immediately what is its accounting treatment?
Class 12 · Accountancy
→In a ₹200000 loan ₹50000 principal is paid after 5 months. On what amount will interest be charged for next 7 months?
Class 12 · Accountancy
→Loan is ₹200000. ₹50000 is paid after 5 months. What is interest for first 5 months at 6 percent per annum?
Class 12 · Accountancy
→The opening credit balance in a partner’s loan account is ₹3,00,000. If ₹1,20,000 is paid towards the principal, what will be the remaining principal loan?
Class 12 · Accountancy
→What is 6 percent per annum interest for 4 months on executor loan of ₹125000?
Class 12 · Accountancy
→If the executor of deceased partner is paid in installments which account will be used?
Class 12 · Accountancy
→What is the main effect of adding interest in a loan account?
Class 12 · Accountancy
→What is the effect on the firm when payment is made against a retiring or deceased partner’s loan account?
Class 12 · Accountancy
→The retiring partner's loan account has a balance of ₹2,20,000. If an installment of ₹90,000 is paid and there is no interest, what amount will remain in the loan account?
Class 12 · Accountancy
→A balance of ₹1,40,000 is due in a partner’s loan account. After adding 5% interest, ₹50,000 is paid. What will be the final balance in the loan account after the payment?
Class 12 · Accountancy
→What is the basic difference between retiring partner loan account and capital account?
Class 12 · Accountancy
→What does credit balance of retiring partner loan account indicate?
Class 12 · Accountancy
→On which side is interest due recorded in loan account?
Class 12 · Accountancy
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