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MCQ's Test For Chapter 0 "Principles of Accounting Icom Part 2 English Medium Chapter 4 Online Test"
Try The MCQ's Test For Chapter 0 "Principles of Accounting Icom Part 2 English Medium Chapter 4 Online Test"
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Total Questions15
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Time Allowed20
Principles of Accounting Icom Part 2 English Medium Chapter 4 Online Test
00:00
Question # 1
A partner does not take an acitive partner is the managment firm is called.
Question # 2
A partner who is newly admitted to the firm with the consent of all the parties is called.
Question # 3
In partnership minimum limit of partners is.
Question # 4
For the firm, interest on drawing is.
Question # 5
In the absence of an partnership agreement the pfofit and losses are divided by the partners in the ratio of.
Question # 6
A partner who takes an active part in the managment of the firm is called.
Question # 7
The persons who have entered in partnership are collctive called.
Question # 8
A partner, who hasnot attained the age of majority is called.
Question # 9
A paatner who invests capital inthe business but does not take active part in the conduct of the business is called.
Question # 10
In the absence of an agreement partners shall
Question # 11
Partnership is formed by the partners.
Question # 12
Partnership is formed under the act of.
Question # 13
When the capitals of the partners arr not allowed to change during the life time of the business except in extra ordinary circumslancer then they are called.
Question # 14
Liability of the partners in partnership is.
Question # 15
A paartner who have a major investment in the firm and receive a relatively more profit is called.
ICOM Part 2 English Medium Principles of Accounting Chapter 4 MCQ's Test
Top Scorers Of Chapter 0 "Principles of Accounting Icom Part 2 English Medium Chapter 4 Online Test" MCQ`s Test
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F Fazilat Official 05 - Dec - 2025 01 Min 02 Sec 15/15 -
M Malaika MA 03 - Aug - 2024 01 Min 23 Sec 15/15 -
S Subtain Ahmed Raza 15 - Jul - 2023 01 Min 47 Sec 15/15 -
Z Zainab Malik 02 - Jun - 2026 02 Min 08 Sec 15/15 -
Y youth flavour 14 - Dec - 2024 03 Min 18 Sec 15/15 -
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S Shantul Gabol 10 - Dec - 2023 03 Min 07 Sec 14/15 -
A adina waqas 05 - Dec - 2024 01 Min 50 Sec 13/15 -
T Taiba Siddique 31 - May - 2024 00 Min 11 Sec 12/15 -
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Z Zafar Ali 07 - Jun - 2024 00 Min 30 Sec 11/15
ICom Part II Principles of Accounting Chapter 0 Important MCQ's
| Sr.# | Question | Answer |
|---|---|---|
| 1 | 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
|
| 2 | 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
|
| 3 | Maximum numebr of the partners in an ordinary Partinership. |
A. Ten partners
B. Twentry partners
C. Thirty partners
D. Fourth partners
|
| 4 | Liability of the partners in partnership is. |
A. Limited
B. Unlimited
C. Limited up to the extent of their capitals
D. Depend on the will of the partners
|
| 5 | When the capitals of the partners arr not allowed to change during the life time of the business except in extra ordinary circumslancer then they are called. |
A. Fluctuating capitals
B. Fixed capitals
C. Current capitals
D. None of these
|
| 6 | Interest on drawing is debited to. |
A. Partners capital accounts
B. Profit and loss account
C. Interest account
D. None of these
|
| 7 | The owner of the partnership are called as. |
A. Member
B. Partners
C. Share holder
D. None of these
|
| 8 | The investment in partners capital accounts is to be credited to. |
A. Partners capital accounts
B. Profit and loss account
C. Interest account
D. None of these
|
| 9 | In partnership minimum limit of partners is. |
A. Two (02)
B. Five(5)
C. Ten (10)
D. Tweleve (12)
|
| 10 | Partnership is formed under the act of. |
A. 1984
B. 1932
C. 1912
D. 1962
|
Test Questions
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