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

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  • Available questions30
  • Chapter Name4

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

Liability of the partners in partnership is.

Question # 2

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

Question # 3

Current accoujts of the partners should be opened when the capital are.

Question # 4

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

Question # 5

Capital of the partners are maintained under.

Question # 6

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 # 7

Interest on drawing is debited to.

Question # 8

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

Question # 9

The agreement among the partners which sets out the term is which they have agreed to form a partnership is called.

Question # 10

In the absence of an agreement partners shall

Question # 11

Investment in partnership is made byintroducing.

Question # 12

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

Question # 13

Current accout of the partners should be opened when the capitals are.

Question # 14

The persons who have entered two partnership are individually called.

Question # 15

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

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