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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
Interest on drawing is debited to.
Question # 2
The agreement among the partners which sets out the term is which they have agreed to form a partnership is called.
Question # 3
Registraion of the firm.
Question # 4
In the absence of an partnership agreement the pfofit and losses are divided by the partners in the ratio of.
Question # 5
In the absence of an agreement partners shall
Question # 6
Partnership is formed under the act of.
Question # 7
For the firm, interest on drawing is.
Question # 8
Maximum numebr of the partners in an ordinary Partinership.
Question # 9
Capital of the partners are maintained under.
Question # 10
A person whoinvest the minor portion of capital in the business and so he has small share in the profit is called.
Question # 11
The owner of the partnership are called as.
Question # 12
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 # 13
In partnership minimum limit of partners is.
Question # 14
Liability of the partners in partnership is.
Question # 15
Partnership is formed by the partners.
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 -
Y youth flavour 14 - Dec - 2024 03 Min 18 Sec 15/15 -
A Ahmad Daar 02 - Apr - 2024 01 Min 08 Sec 14/15 -
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A adina waqas 05 - Dec - 2024 01 Min 50 Sec 13/15 -
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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 | The persons who have entered in partnership are collctive called. |
A. A firm
B. Agents
C. Partners
D. Promoters
|
| 2 | Partnership is formed under the act of. |
A. 1984
B. 1932
C. 1912
D. 1962
|
| 3 | 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
|
| 4 | The owner of the partnership are called as. |
A. Member
B. Partners
C. Share holder
D. None of these
|
| 5 | A partner, who hasnot attained the age of majority is called. |
A. Junior partner
B. Minor partner
C. Nominal patner
D. Quasi Partner
|
| 6 | Interest on drawing is debited to. |
A. Partners capital accounts
B. Profit and loss account
C. Interest account
D. None of these
|
| 7 | In case of banking business, the numerb of persons must not exceed. |
A. Ten (10)
B. Twenty (20)
C. Tweinty five(25)
D. Fifty (50)
|
| 8 | 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
|
| 9 | 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
|
| 10 | Partnership is formed by the partners. |
A. Written agreement
B. Mutual consent
C. Verbal agreement
D. None of these
|
Test Questions
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