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Categories  >>  Accounting  >>  Accounting AllOther
 
 


 

 
 Audit interview questions  Audit Interview Questions
 CompanyAffairs CS interview questions  CompanyAffairs CS Interview Questions
 Taxation interview questions  Taxation Interview Questions
 Accounting General interview questions  Accounting General Interview Questions
 Accounting AllOther interview questions  Accounting AllOther Interview Questions
Question 
A PARTNERSHIP FIRM HAVE TAKEN LOAN FORM BANK THEN WHAT IS 
THE ENTRY OF LOAN IN FIRMS ACCOUNT .
 Question Submitted By :: Seema
I also faced this Question!!     Rank Answer Posted By  
 
  Re: A PARTNERSHIP FIRM HAVE TAKEN LOAN FORM BANK THEN WHAT IS THE ENTRY OF LOAN IN FIRMS ACCOUNT .
Answer
# 1		 
bank a/c dr.
  loan a/c
 
Is This Answer Correct ?    6 Yes 2 No
Fakhruddin
 
  Re: A PARTNERSHIP FIRM HAVE TAKEN LOAN FORM BANK THEN WHAT IS THE ENTRY OF LOAN IN FIRMS ACCOUNT .
Answer
# 2		 
bank a/c dr.

  To parterns capital a/c.
 
Is This Answer Correct ?    1 Yes 3 No
Madhukar
 
 
 
  Re: A PARTNERSHIP FIRM HAVE TAKEN LOAN FORM BANK THEN WHAT IS THE ENTRY OF LOAN IN FIRMS ACCOUNT .
Answer
# 3		 
Mdhukar saab The Banker gave a loan to the  firm then the 
Banker will be credited and the bank current account will 
be debited.How you think the partners account will be 
credited. If you are correct then what will be loan 
account. Dont be hasty in posting answer think well before 
you answer
 
Is This Answer Correct ?    1 Yes 0 No
Mudunoori
[RKI Builders (p)Ltd]
 
  Re: A PARTNERSHIP FIRM HAVE TAKEN LOAN FORM BANK THEN WHAT IS THE ENTRY OF LOAN IN FIRMS ACCOUNT .
Answer
# 4		 
LOAN A/C Dr
BANK A/C Cr
 
Is This Answer Correct ?    1 Yes 0 No
Narendra Rawat
 
  Re: A PARTNERSHIP FIRM HAVE TAKEN LOAN FORM BANK THEN WHAT IS THE ENTRY OF LOAN IN FIRMS ACCOUNT .
Answer
# 5		 
in the books of firms a/c.
bank loan a/c. dr.
bank a/c.cr.

in the books of bank a/c.
firms loan a/c. dr.
bank a/c. cr.
 
Is This Answer Correct ?    0 Yes 0 No
Anand Singh Bangari
 
  Re: A PARTNERSHIP FIRM HAVE TAKEN LOAN FORM BANK THEN WHAT IS THE ENTRY OF LOAN IN FIRMS ACCOUNT .
Answer
# 6		 
Anand Singh ji in both the books you credited Bank a/c how 
it will be Pl think once
 
Is This Answer Correct ?    0 Yes 0 No
Sankeerthana
 
  Re: A PARTNERSHIP FIRM HAVE TAKEN LOAN FORM BANK THEN WHAT IS THE ENTRY OF LOAN IN FIRMS ACCOUNT .
Answer
# 7		 
Loan A/c Cr
Bank A/c Dr
Liability Always Credit and Current Assets Alays Debit
 
Is This Answer Correct ?    0 Yes 0 No
Sandeep
 
  Re: A PARTNERSHIP FIRM HAVE TAKEN LOAN FORM BANK THEN WHAT IS THE ENTRY OF LOAN IN FIRMS ACCOUNT .
Answer
# 8		 
Bank A/c Dr
to Loan a/c

loan is our liability so credit to the loan a/c.
 
Is This Answer Correct ?    0 Yes 0 No
Mohanj
 

 
 
 
Other Accounting AllOther Interview Questions
 
  Question Asked @ Answers
 
RULE IN GARNER VS MURRAY  10
What do you mean by domestic expenses? ACS2
What is Working Capital? Capital-IQ4
expand F B T  3
is 'loan' categorized as billpayable?explain  2
What is the Difference Between Retail Invoice & Tax Invoice? Allianz9
what is journel entry for bank charges Genpact8
EXPAND_______________TSI  1
Which is the better corporate business entity to chose for tax advantages - C Corp or S Corp?  1
If i pay 50% advance to advertise agency towards advertisement expensise, should I deduct TDS on advance payemnt.  5
what do you mean by BPO,KPO Accenture7
Expand E M I  6
what is the sand box? Deloitte1
Short Answer on _________Gross profit  2
what is the journal entries of a debit/credit notes in the books of seller and purchaser's A/C.  3
What is Opening & Closing Entry  4
In telephronic round i would like to know what questions will be asked to a person and how we should answer it?  1
What do u mean by GDP, explain in detail?  4
Expand N H S  1
what is the difference between pay order & D.D.? ICICI5
 
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