12th class Principle of Accounting chapter 5 online mcq test with answers for ICom part 2 Principle of Accounting Chapter 5 (Depreciation, Provisions and Reserves)

Top Scorers Of Chapter 0 "Principles of Accounting Icom Part 2 English Medium Chapter 5 Online Test" MCQ`s Test

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laiba kanwal 01 - Dec - 2022 00 Min 06 Sec 15/15
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Subtain Ahmed Raza 15 - Jul - 2023 02 Min 34 Sec 15/15
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Sheikh Zadi 13 - May - 2023 01 Min 33 Sec 12/15
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Malaika MA 03 - Aug - 2024 02 Min 43 Sec 12/15
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Gullezahra Hassan 09 - May - 2024 02 Min 49 Sec 12/15
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Shantul Gabol 10 - Dec - 2023 03 Min 16 Sec 12/15
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Zafar Ali 07 - Jun - 2024 00 Min 11 Sec 11/15
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youth flavour 14 - Dec - 2024 03 Min 40 Sec 11/15
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Fazilat Official 05 - Dec - 2025 01 Min 49 Sec 10/15
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Rana Muneeb 08 - May - 2023 02 Min 59 Sec 10/15
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Asif Attari 20 - Mar - 2024 05 Min 12 Sec 10/15
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Taiba Siddique 31 - May - 2024 00 Min 22 Sec 9/15
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Raja Musa Sohail 08 - May - 2024 03 Min 31 Sec 9/15
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Taha Ali 07 - May - 2024 05 Min 22 Sec 9/15
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Fatima Waseem 09 - Dec - 2024 07 Min 07 Sec 9/15

ICom Part II Principles of Accounting Chapter 0 Important MCQ's

Sr.#	Question	Answer
1	Profit on revalutin is to be caredited to old partners in their	A. Sacrificing ratio B. New profit shiaring ratio C. Old prift sharing ratio D. Equal prift sharing ratio
2	The amount of good will broght in cash by nw partner will be credited to old partner in.	A. Gaining Ratio B. New Ratio C. Old Ratio D. Sacrifice Ratio
3	Sacrificing rations are equal to.	A. Capital Ratios- New ratios B. Old ratios - New ratios C. New ratio - old ratios D. None of these
4	Revaluation loss should be debited to.	A. Revaluation account B. All partners capital account C. Old partners capital accounts D. New partners capital account
5	The balance of revaluation accoun tis transferred to the old partners capital accounts in their.	A. Sacrificing ratio B. Old profit shairng ratio C. New profit sharing ratio D. Equal profit shairng ratio
6	When the incoming partner pays the firm for good willin cash the amount should be debited to firms books to.	A. Good will accounts B. Cash Account C. Capital account of the incoming partner D. All of the above
7	General reserve at the time of admission of anew partner is credited.	A. New partner capital account B. General reserve account C. Old parners capital account D. All partners capital account
8	Old prifit sharing ratio minus new profit sharing ratio is equal for.	A. Sacrifing ratios B. Gaining ratios C. Distributing ratios D. None of these
9	On the addimissionof a new partner the increase int he value of assets is debited	A. Revaluation account B. Assets account C. Old partners capital account D. New partners capital account
10	Value of the good will is calculated under capitalization formula.	A. Average profit / reasonable return x 100 B. Resonable return / average profit x 100 C. Averager profit x 100 / resonable return D. None of these

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12th Class Principle of Accounting Online MCQ's Test with Answers for Chapter 5 (Depreciation, Provisions and Reserves)

ICOM Part 2 English Medium Principles of Accounting Chapter 5 MCQ's Test

ICOM Part 2 Principles of Accounting Chapter Wise Online MCQ's Test

MCQ's Test For Chapter 0 "Principles of Accounting Icom Part 2 English Medium Chapter 5 Online Test"

Principles of Accounting Icom Part 2 English Medium Chapter 5 Online Test

Revaluation account is a.

When a new partner is admitted with out the consent of the old partner.

General reserve at the time of admission of anew partner is credited.

When the incoming partner pays the firm for good willin cash the amount should be debited to firms books to.

Profit of revaluation should be credited to.

If the goods will raised at the tim e of admissionof a new partner will be written off in.

A new partner may be admitted to a partnership.

Profit on revalutin is to be caredited to old partners in their

Old prifit sharing ratio minus new profit sharing ratio is equal for.

Revaluation loss should be debited to.

The amount of good will broght in cash by nw partner will be credited to old partner in.

The extra amount charged fromt he new partner over and above the capital is for.

Sacrificing rations are equal to.

Good will is.

On the addimissionof a new partner the increase int he value of assets is debited

Prepare Complete Set Wise Chapter 0 "Principles of Accounting Icom Part 2 English Medium Chapter 5 Online Test" MCQs Online With Answers

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ICOM Part 2 English Medium Principles of Accounting Chapter 5 MCQ's Test

Top Scorers Of Chapter 0 "Principles of Accounting Icom Part 2 English Medium Chapter 5 Online Test" MCQ`s Test

ICom Part II Principles of Accounting Chapter 0 Important MCQ's

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Muhammad Farooq

Muhammad Farooq