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Class 12 · Accountancy
→There is a loan of ₹42000 and an instalment of ₹12000 is paid. What will be the new loan balance?
Class 12 · Accountancy
→What creates the opening credit in a retiring partner's loan account?
Class 12 · Accountancy
→While recording the amount due in the retiring partner's loan account, from which account does the amount come?
Class 12 · Accountancy
→If the amount paid to a retiring partner exceeds the loan balance, what should be checked?
Class 12 · Accountancy
→What will be the new balance after adding six percent interest for one year on a ₹18000 loan?
Class 12 · Accountancy
→If interest is first added to the loan account and then payment is made, payment will be made on which balance?
Class 12 · Accountancy
→Why is the date of payment important in a loan account?
Class 12 · Accountancy
→Why is a retiring partner's loan treated like an outside loan for the firm?
Class 12 · Accountancy
→What is the main difference between a retiring partner's loan account and capital account?
Class 12 · Accountancy
→What should the final payment be like to close a retiring partner's loan account?
Class 12 · Accountancy
→Which item may need to be added before finding the balance of the loan account?
Class 12 · Accountancy
→₹70000 is due and ₹10000 is paid immediately. On what amount will interest on loan be charged later?
Class 12 · Accountancy
→There is ₹60000 loan and ₹900 interest. What is the total amount payable?
Class 12 · Accountancy
→What is the interest on a ₹24000 loan for three months at six percent per annum?
Class 12 · Accountancy
→What will be the effect on Bank Account when bank payment is recorded in a retiring partner's loan account?
Class 12 · Accountancy
→Which item should not be wrongly recorded in a retiring partner's loan account?
Class 12 · Accountancy
→When an amount is transferred to a retiring partner's loan account, which number does not change?
Class 12 · Accountancy
→What does transferring the amount due to the retiring partner into a loan account show?
Class 12 · Accountancy
→If interest on the outstanding loan balance is not calculated, which error will occur?
Class 12 · Accountancy
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