Home
News
Colleges
Courses
Admission
Lectures
Online Test
Past Papers
Date Sheets
Results
Study Abroad
Jobs
Tutors
More
Apps
.jpg)
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"
-
Total Questions15
-
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
Partnership is formed by the partners.
Question # 3
In the absence of an agreement partners shall
Question # 4
Current accout of the partners should be opened when the capitals are.
Question # 5
The persons who have entered two partnership are individually called.
Question # 6
In the absence of an agreemetn, interest on loan advanced by the partner to the firm is allowd at the rate of.
Question # 7
The owner of the partnership are called as.
Question # 8
Investment in partnership is made byintroducing.
Question # 9
The investment in partners capital accounts is to be credited to.
Question # 10
The persons who have entered in partnership are collctive called.
Question # 11
For the firm, interest on drawing is.
Question # 12
A paatner who invests capital inthe business but does not take active part in the conduct of the business is called.
Question # 13
Capital of the partners are maintained under.
Question # 14
A paartner who have a major investment in the firm and receive a relatively more profit is called.
Question # 15
A partner who is newly admitted to the firm with the consent of all the parties 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
-
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 -
S Sheikh Zadi 13 - May - 2023 01 Min 13 Sec 14/15 -
S Shantul Gabol 10 - Dec - 2023 03 Min 07 Sec 14/15 -
A adina waqas 05 - Dec - 2024 01 Min 50 Sec 13/15 -
Y Yusuf Iftehar Iftehar Ahmad 07 - Feb - 2022 02 Min 04 Sec 13/15 -
T Taiba Siddique 31 - May - 2024 00 Min 11 Sec 12/15 -
K Kashaf Sehar 19 - Jan - 2022 01 Min 21 Sec 12/15 -
T Tyab ali Ali 03 - May - 2023 01 Min 58 Sec 12/15 -
S SEO Guru 28 - Jun - 2022 02 Min 12 Sec 12/15 -
R Rana Muneeb 08 - May - 2023 02 Min 37 Sec 12/15 -
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 | In partnership minimum limit of partners is. |
A. Two (02)
B. Five(5)
C. Ten (10)
D. Tweleve (12)
|
| 2 | 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
|
| 3 | 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
|
| 4 | 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
|
| 5 | 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)
|
| 6 | Maximum numebr of the partners in an ordinary Partinership. |
A. Ten partners
B. Twentry partners
C. Thirty partners
D. Fourth partners
|
| 7 | 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
|
| 8 | 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
|
| 9 | For the firm, interest on drawing is. |
A. Expense
B. Income
C. Liability
D. None of these
|
| 10 | 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
|
Test Questions