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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
Partnership is formed under the act of.
Question # 2
A partner does not take an acitive partner is the managment firm is called.
Question # 3
In the absence of an agreemetn, interest on loan advanced by the partner to the firm is allowd at the rate of.
Question # 4
In case of banking business, the numerb of persons must not exceed.
Question # 5
The investment in partners capital accounts is to be credited to.
Question # 6
Liability of the partners in partnership is.
Question # 7
Current accoujts of the partners should be opened when the capital are.
Question # 8
In the absence of an agreement partners shall
Question # 9
Registraion of the firm.
Question # 10
A partner who takes an active part in the managment of the firm is called.
Question # 11
A person whoinvest the minor portion of capital in the business and so he has small share in the profit is called.
Question # 12
A paartner who have a major investment in the firm and receive a relatively more profit is called.
Question # 13
In the absence of an partnership agreement the pfofit and losses are divided by the partners in the ratio of.
Question # 14
Investment in partnership is made byintroducing.
Question # 15
If some proparty is owned jointly with out any attention to carry on a business it 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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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 | Partnership is formed by the partners. |
A. Written agreement
B. Mutual consent
C. Verbal agreement
D. None of these
|
| 2 | The persons who have entered two partnership are individually called. |
A. Agents
B. Partners
C. A firm
D. Vendor
|
| 3 | In partnership minimum limit of partners is. |
A. Two (02)
B. Five(5)
C. Ten (10)
D. Tweleve (12)
|
| 4 | 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
|
| 5 | If some proparty is owned jointly with out any attention to carry on a business it is called. |
A. Partnership
B. Co- ownership
C. Sole ownership
D. Agency
|
| 6 | 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
|
| 7 | 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
|
| 8 | 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
|
| 9 | A paatner who invests capital inthe business but does not take active part in the conduct of the business is called. |
A. Active partner
B. Sleeping partner
C. Secrete partner
D. None of these
|
| 10 | The persons who have entered in partnership are collctive called. |
A. A firm
B. Agents
C. Partners
D. Promoters
|
Test Questions