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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
In partnership minimum limit of partners is.
Question # 2
Liability of the partners in partnership is.
Question # 3
Current accoujts of the partners should be opened when the capital are.
Question # 4
Current accout of the partners should be opened when the capitals are.
Question # 5
If some proparty is owned jointly with out any attention to carry on a business it is called.
Question # 6
Registraion of the firm.
Question # 7
The investment in partners capital accounts is to be credited to.
Question # 8
A paatner who invests capital inthe business but does not take active part in the conduct of the business is called.
Question # 9
A partner, who hasnot attained the age of majority is called.
Question # 10
For the firm, interest on drawing is.
Question # 11
A paartner who have a major investment in the firm and receive a relatively more profit is called.
Question # 12
The agreement among the partners which sets out the term is which they have agreed to form a partnership is called.
Question # 13
Investment in partnership is made byintroducing.
Question # 14
A partner who takes an active part in the managment of the firm is called.
Question # 15
Maximum numebr of the partners in an ordinary Partinership.
ICOM Part 2 English Medium Principles of Accounting Chapter 4 MCQ's Test
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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 -
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H Huzaifa Arfeen 18 - May - 2023 03 Min 55 Sec 12/15
ICom Part II Principles of Accounting Chapter 0 Important MCQ's
| Sr.# | Question | Answer |
|---|---|---|
| 1 | 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
|
| 2 | Interest on drawing is debited to. |
A. Partners capital accounts
B. Profit and loss account
C. Interest account
D. None of these
|
| 3 | The persons who have entered in partnership are collctive called. |
A. A firm
B. Agents
C. Partners
D. Promoters
|
| 4 | A partner who is newly admitted to the firm with the consent of all the parties is called. |
A. Salaried partner
B. Incoming partner
C. Junior partner
D. Minor partner
|
| 5 | A paartner who have a major investment in the firm and receive a relatively more profit is called. |
A. Sleeping partner
B. Darment partner
C. Senior partner
D. Estoppels partner
|
| 6 | A partner who takes an active part in the managment of the firm is called. |
A. Active partner
B. Sleeping partner
C. Norminal partner
D. Quasi partner
|
| 7 | A partner, who hasnot attained the age of majority is called. |
A. Junior partner
B. Minor partner
C. Nominal patner
D. Quasi Partner
|
| 8 | The persons who have entered two partnership are individually called. |
A. Agents
B. Partners
C. A firm
D. Vendor
|
| 9 | 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
|
| 10 | 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
|
Test Questions
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