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

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

Question # 2

Interest on drawing is debited to.

Question # 3

The persons who have entered in partnership are collctive called.

Question # 4

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

Question # 5

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

Question # 6

Partnership is formed under the act of.

Question # 7

For the firm, interest on drawing is.

Question # 8

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 # 9

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

Question # 10

The persons who have entered two partnership are individually called.

Question # 11

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

Question # 12

In the absence of an agreemetn, interest on loan advanced by the partner to the firm is allowd at the rate of.

Question # 13

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

Question # 14

In the absence of an agreement partners shall

Question # 15

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

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