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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 case of banking business, the numerb of persons must not exceed.
Question # 2
The persons who have entered in partnership are collctive called.
Question # 3
A partner who is newly admitted to the firm with the consent of all the parties is called.
Question # 4
In the absence of an agreement partners shall
Question # 5
Liability of the partners in partnership is.
Question # 6
Maximum numebr of the partners in an ordinary Partinership.
Question # 7
Partnership is formed by the partners.
Question # 8
The persons who have entered two partnership are individually called.
Question # 9
A partner, who hasnot attained the age of majority is called.
Question # 10
In the absence of an agreemetn, interest on loan advanced by the partner to the firm is allowd at the rate of.
Question # 11
Interest on drawing is debited to.
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
Investment in partnership is made byintroducing.
Question # 14
Partnership is formed under the act of.
Question # 15
The owner of the partnership are called as.
ICOM Part 2 English Medium Principles of Accounting Chapter 4 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 -
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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 | Maximum numebr of the partners in an ordinary Partinership. |
A. Ten partners
B. Twentry partners
C. Thirty partners
D. Fourth partners
|
| 2 | A partner, who hasnot attained the age of majority is called. |
A. Junior partner
B. Minor partner
C. Nominal patner
D. Quasi Partner
|
| 3 | 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
|
| 4 | 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
|
| 5 | 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
|
| 6 | 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
|
| 7 | 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
|
| 8 | 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
|
| 9 | 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
|
| 10 | 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
|
Test Questions
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