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Class 12 · Accountancy
→If due interest is not paid immediately where will it be shown?
Class 12 · Accountancy
→In a ₹160000 loan ₹40000 principal is paid after 4 months. On what amount will interest be charged for next 8 months?
Class 12 · Accountancy
→Loan is ₹160000. ₹40000 is paid after 4 months. What is interest for first 4 months at 6 percent per annum?
Class 12 · Accountancy
→If interest rate and installment date are given on what basis is interest calculated?
Class 12 · Accountancy
→The opening credit balance in a partner’s loan account is ₹2,40,000. If ₹80,000 of the principal is repaid, what will be the remaining principal loan?
Class 12 · Accountancy
→What is 8 percent per annum interest for 6 months on executor loan of ₹90000?
Class 12 · Accountancy
→If executor of deceased partner is paid in installments which account will be used?
Class 12 · Accountancy
→What does a credit balance in a partner’s loan account indicate?
Class 12 · Accountancy
→What is the effect of adding interest in a loan account?
Class 12 · Accountancy
→What is the effect of amount paid in loan account?
Class 12 · Accountancy
→A retiring partner’s Loan Account has a balance of ₹2,10,000. An installment of ₹70,000 has been paid to the partner. If no interest is payable, what amount will remain in the Loan Account?
Class 12 · Accountancy
→Loan is ₹85000. Interest ₹5100 is added and ₹25000 is paid. What will be final loan balance?
Class 12 · Accountancy
→Why is a partner treated like a lender after retirement?
Class 12 · Accountancy
→What accounting similarity exists between retiring partner loan and outside loan?
Class 12 · Accountancy
→Interest on retiring partner loan can finally be transferred to which account?
Class 12 · Accountancy
→On which side is installment payment recorded in retiring partner loan account?
Class 12 · Accountancy
→On which side is the initial amount due recorded in retiring partner loan account?
Class 12 · Accountancy
→What is the main difference between interest and principal repayment in loan account?
Class 12 · Accountancy
→When will retiring partner loan account be considered closed?
Class 12 · Accountancy
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