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Class 12 · Accountancy
→Retiring partner loan is ₹100000. ₹40000 is paid after six months. What is interest for the first six months at 6 percent per annum?
Class 12 · Accountancy
→If the interest rate and payment date are both given for a retiring partner’s loan, on what basis is interest calculated?
Class 12 · Accountancy
→If the initial credit balance in a retiring partner’s loan account is ₹2,00,000 and ₹50,000 is paid during the year as principal only, what is the remaining principal loan?
Class 12 · Accountancy
→What is 6 percent per annum interest for 9 months on executor loan of ₹80000?
Class 12 · Accountancy
→If payment to deceased partner executor is to be made in installments which account is useful?
Class 12 · Accountancy
→On which side is the initial transfer recorded in retiring partner loan account?
Class 12 · Accountancy
→On which side is interest recorded in retiring partner loan account?
Class 12 · Accountancy
→On which side is the amount paid recorded in the retiring partner’s loan account?
Class 12 · Accountancy
→The loan account of a retiring partner has an outstanding balance of ₹1,50,000. If the first instalment of ₹60,000 is paid and no interest is payable, what amount will remain in the loan account?
Class 12 · Accountancy
→Interest of ₹7,000 is credited to a retiring partner’s loan account, which has an initial balance of ₹70,000. If ₹30,000 is paid to the partner, what will be the final balance of the loan account?
Class 12 · Accountancy
→Why is the partner treated like a lender after retirement?
Class 12 · Accountancy
→What is the similarity between retiring partner loan and outside loan?
Class 12 · Accountancy
→Interest on retiring partner loan may ultimately be transferred to which account?
Class 12 · Accountancy
→When an installment of a retiring or deceased partner’s loan is paid through the bank, which entry will be made in the Bank Account?
Class 12 · Accountancy
→What does a credit balance in the retiring partner’s loan account represent?
Class 12 · Accountancy
→What is interest on retiring partner loan of ₹50000 at 6 percent per annum for 4 months?
Class 12 · Accountancy
→The loan account of a retiring partner has a balance of ₹1,20,000. At the end of the year, 5% interest is added before making a payment of ₹50,000. What amount will remain in the loan account after the payment?
Class 12 · Accountancy
→The final amount due to a retiring partner is ₹1,25,000. If ₹25,000 is paid to him in cash, what amount will be credited to his loan account?
Class 12 · Accountancy
→After finding final amount due to retiring partner when is it transferred to loan account?
Class 12 · Accountancy
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