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	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
2	In the absence of an agreement, the share of new partner in patnership will be.	A. In the portion of capital B. Equal C. According to work D. None of the above
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	On the admission of a new partneer the decreasein the value of assets is debited to.	A. Revaluation account B. Assets account C. Old parner's capital account D. New partner capital account
5	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
6	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
7	The extra amount charged fromt he new partner over and above the capital is for.	A. Purchase of Machinery B. Good will C. Purchaser of furniture D. Payment of liabilities
8	A new partner may be admitted to a partnership.	A. With the consent of all the partners B. With the consent of any one of the partners C. With consent of two third the old partners D. Without the consent of old partners
9	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
10	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

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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

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

On the admission of a new partneer the decreasein the value of assets is debited to.

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

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

Revaluation loss should be debited to.

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

In the absence of an agreement, the share of new partner in patnership will be.

Good will is.

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

Revaluation account is a.

Profit of revaluation should be credited to.

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

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

Sacrificing rations are equal to.

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

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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