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Class 12 · Accountancy
→Where will the balance of a deceased partner's executor loan account be shown?
Class 12 · Accountancy
→What does cash payment made to a retiring partner do in the loan account?
Class 12 · Accountancy
→Why is interest credited in a retiring partner's loan account?
Class 12 · Accountancy
→A balance of ₹36,000 is due in the Partner’s Loan Account. If ₹16,000 is paid, what will be the new balance in the loan account?
Class 12 · Accountancy
→Which sequence is correct while preparing a retiring partner's loan account?
Class 12 · Accountancy
→Why is interest charged up to the date of payment in a retiring partner's loan account?
Class 12 · Accountancy
→In which situation will interest not be added to the loan account?
Class 12 · Accountancy
→What is the interest on a ₹27000 loan for two months at six percent per annum?
Class 12 · Accountancy
→What amount is obtained by adding the unpaid amount and interest in a retiring partner's loan account?
Class 12 · Accountancy
→What does a debit balance in a retiring partner's loan account generally indicate?
Class 12 · Accountancy
→If the firm reverses the payment entry in the loan account, what will be the effect?
Class 12 · Accountancy
→Why is interest added before payment in a loan account?
Class 12 · Accountancy
→Out of ₹110000 due, ₹70000 is paid. How much will remain in the loan account?
Class 12 · Accountancy
→For whom does a retiring partner's loan account give the final settlement record?
Class 12 · Accountancy
→Why are normal sales not recorded in a retiring partner's loan account?
Class 12 · Accountancy
→If the loan is ₹52000 and ₹7000 interest is added, what will be the total payable amount?
Class 12 · Accountancy
→When payment is made in instalments, each instalment is debited to which account?
Class 12 · Accountancy
→Why is the date of adding interest in the loan account important?
Class 12 · Accountancy
→What is the interest on a ₹48000 loan for four months at six percent per annum?
Class 12 · Accountancy
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