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Class 12 · Accountancy
→If interest rate on retiring partner loan is not given which rate is generally assumed?
Class 12 · Accountancy
→If interest rate on loan is clearly given in agreement which rate will be used?
Class 12 · Accountancy
→A deceased partner’s executor loan account shows an amount payable of ₹1,80,000. If ₹45,000 has been paid, what will be the remaining liability?
Class 12 · Accountancy
→In which account is the unpaid amount due to a deceased partner kept?
Class 12 · Accountancy
→Retiring partner loan is ₹120000. What is interest at 6 percent per annum for 9 months?
Class 12 · Accountancy
→Retiring partner loan is ₹96000. What is interest at 5 percent per annum for 3 months?
Class 12 · Accountancy
→Retiring partner loan is ₹75000 and interest rate is 8 percent per annum. What is interest for one year?
Class 12 · Accountancy
→₹150000 is due to retiring partner and ₹60000 is paid immediately. How much will go to loan account?
Class 12 · Accountancy
→What is the entry for paying retiring partner loan through bank?
Class 12 · Accountancy
→Which is the correct entry for adding interest on retiring partner loan?
Class 12 · Accountancy
→What is the correct entry to transfer amount from capital account to retiring partner loan account?
Class 12 · Accountancy
→How is retiring partner loan account shown in the balance sheet?
Class 12 · Accountancy
→When is the final amount due to a retiring partner transferred to loan account?
Class 12 · Accountancy
→What is the main reason for opening retiring partner loan account?
Class 12 · Accountancy
→What is the correct simple conclusion about a retiring partner's loan account?
Class 12 · Accountancy
→Which is the correct entry that reduces the loan balance of a retiring partner?
Class 12 · Accountancy
→Which side increases when interest is recorded in a retiring partner's loan account?
Class 12 · Accountancy
→While preparing a retiring partner's loan account, which amount should be identified first?
Class 12 · Accountancy
→If a balance remains after recording payment in a retiring partner's loan account, where will it appear?
Class 12 · Accountancy
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