ICOM Part 2 English Medium Principles of Accounting Chapter 4 MCQ's Test

12th Class Principle of Accounting Online MCQ's Test with Answers for Chapter 4 (Accounts of Join Stock Companies)

ICOM Part 2 English Medium Principles of Accounting Chapter 4 MCQ's Test

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ICOM Part 2 Principles of Accounting Chapter Wise Online MCQ's Test

12th Class Principle of Accounting Online MCQ's Test with Answers for Chapter 4 (Accounts of Join Stock Companies)

Sr. # Questions Answers Choice
1 Current accoujts of the partners should be opened when the capital are.
  • A. Fixed
  • B. Fluctuating
  • C. Either fixed or fluctuating
  • D. None of these
2 A partner does not take an acitive partner is the managment firm is called.
  • A. Active partner
  • B. Sinior partner
  • C. Darment of sleeping partner
  • D. Nominal partner
3 Investment in partnership is made byintroducing.
  • A. Cash
  • B. Non cash assets
  • C. Cash or non cash assets
  • D. None of these
4 A person whoinvest the minor portion of capital in the business and so he has small share in the profit is called.
  • A. Senior partner
  • B. Junior partner
  • C. quast partner
  • D. Nominal patner
5 The agreement among the partners which sets out the term is which they have agreed to form a partnership is called.
  • A. Partnership deed
  • B. Aribtrartio clause
  • C. Partnership at will
  • D. None of these
6 In the absence of an agreemetn, interest on loan advanced by the partner to the firm is allowd at the rate of.
  • A. 5 persent
  • B. 6 persent
  • C. 8 persent
  • D. 9 persent
7 In the absence of an partnership agreement the pfofit and losses are divided by the partners in the ratio of.
  • A. Capitals
  • B. Profit and loss ratios
  • C. Equality
  • D. Time devoted by each partner
8 A paatner who invests capital inthe business but does not take active part in the conduct of the business is called.
  • A. Active partner
  • B. Sleeping partner
  • C. Secrete partner
  • D. None of these
9 Capital of the partners are maintained under.
  • A. Fixed capital method
  • B. Fluctuating method
  • C. By any two of the above
  • D. None of the above
10 Registraion of the firm.
  • A. It is legally necessary
  • B. It is optional
  • C. It depends on the will of the partners
  • D. It depends uopon the will of theemployee

Top Scorers of Principles of Accounting Icom Part 2 English Medium Chapter 4 Online Test

H

Hamna EHSAN UL Haq

Lahore27 - Apr - 2025

13/15
01 Mins 25 Sec
P

Pioneer Pipes

Lahore11 - Jun - 2025

12/15
02 Mins 18 Sec
Z

Zunaira Zubair

Lahore16 - Jun - 2025

11/15
02 Mins 04 Sec
H

Hamna EHSAN UL Haq

Lahore27 - Apr - 2025

10/15
01 Mins 55 Sec
A

Ali Raza

Lahore13 - Apr - 2025

9/15
04 Mins 36 Sec
H

Hamna EHSAN UL Haq

Lahore27 - Apr - 2025

8/15
01 Mins 42 Sec
H

Hamna EHSAN UL Haq

Lahore27 - Apr - 2025

8/15
02 Mins 56 Sec
P

Pioneer Pipes

Lahore11 - Jun - 2025

8/15
03 Mins 46 Sec
A

Aisha Hussain

Lahore12 - Jun - 2025

8/15
04 Mins 57 Sec

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