Principles of Accounting Icom Part 2 English Medium Chapter 4 Online Test

  • Medium English
  • Available questions60
  • Chapter Name4
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Principles of Accounting Icom Part 2 English Medium Chapter 4 Online Test

  • Total Questions15

  • Time Allowed20

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Principles of Accounting Icom Part 2 English Medium Chapter 4 Online Test

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Question # 1

Interest on drawing is debited to.

Question # 2

In the absence of an partnership agreement the pfofit and losses are divided by the partners in the ratio of.

Question # 3

A partner who takes an active part in the managment of the firm is called.

Question # 4

A paartner who have a major investment in the firm and receive a relatively more profit is called.

Question # 5

A paatner who invests capital inthe business but does not take active part in the conduct of the business is called.

Question # 6

In case of banking business, the numerb of persons must not exceed.

Question # 7

A person whoinvest the minor portion of capital in the business and so he has small share in the profit is called.

Question # 8

A person whoinvest the minor portion of capital in the business and so he has small share in the profit is called.

Question # 9

If some proparty is owned jointly with out any attention to carry on a business it is called.

Question # 10

A partner who takes an active part in the managment of the firm is called.

Question # 11

The owner of the partnership are called as.

Question # 12

Partnership is formed under the act of.

Question # 13

A partner, who hasnot attained the age of majority is called.

Question # 14

Interest on drawing is debited to.

Question # 15

A partner does not take an acitive partner is the managment firm is called.

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