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

Question # 2

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

Question # 3

Investment in partnership is made byintroducing.

Question # 4

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

Question # 5

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

Question # 6

For the firm, interest on drawing is.

Question # 7

Partnership is formed by the partners.

Question # 8

In the absence of an agreement partners shall

Question # 9

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 # 10

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

Question # 11

Capital of the partners are maintained under.

Question # 12

The persons who have entered in partnership are collctive called.

Question # 13

The persons who have entered two partnership are individually called.

Question # 14

In partnership minimum limit of partners is.

Question # 15

Interest on drawing is debited to.

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