Home
News
Colleges
Courses
Admission
Lectures
Online Test
Past Papers
Date Sheets
Results
Study Abroad
Jobs
Tutors
More
Apps
.jpg)
MCQ's Test For Chapter 0 "Principles of Accounting Icom Part 2 English Medium Chapter 5 Online Test"
Try The MCQ's Test For Chapter 0 "Principles of Accounting Icom Part 2 English Medium Chapter 5 Online Test"
-
Total Questions15
-
Time Allowed20
Principles of Accounting Icom Part 2 English Medium Chapter 5 Online Test
00:00
Question # 1
Profit of revaluation should be credited to.
Question # 2
Value of the good will is calculated under capitalization formula.
Question # 3
In the absence of an agreement, the share of new partner in patnership will be.
Question # 4
Old prifit sharing ratio minus new profit sharing ratio is equal for.
Question # 5
Sacrificing rations are equal to.
Question # 6
The balance of revaluation accoun tis transferred to the old partners capital accounts in their.
Question # 7
Good will is.
Question # 8
If the goods will raised at the tim e of admissionof a new partner will be written off in.
Question # 9
When a new partner is admitted with out the consent of the old partner.
Question # 10
On the admission of a new partneer the decreasein the value of assets is debited to.
Question # 11
The extra amount charged fromt he new partner over and above the capital is for.
Question # 12
Profit on revalutin is to be caredited to old partners in their
Question # 13
Revaluation account is a.
Question # 14
Revaluation loss should be debited to.
Question # 15
The amount of good will broght in cash by nw partner will be credited to old partner in.
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
-
L laiba kanwal 01 - Dec - 2022 00 Min 06 Sec 15/15 -
S Subtain Ahmed Raza 15 - Jul - 2023 02 Min 34 Sec 15/15 -
S Sheikh Zadi 13 - May - 2023 01 Min 33 Sec 12/15 -
M Malaika MA 03 - Aug - 2024 02 Min 43 Sec 12/15 -
G Gullezahra Hassan 09 - May - 2024 02 Min 49 Sec 12/15 -
S Shantul Gabol 10 - Dec - 2023 03 Min 16 Sec 12/15 -
Z Zafar Ali 07 - Jun - 2024 00 Min 11 Sec 11/15 -
Y youth flavour 14 - Dec - 2024 03 Min 40 Sec 11/15 -
F Fazilat Official 05 - Dec - 2025 01 Min 49 Sec 10/15 -
R Rana Muneeb 08 - May - 2023 02 Min 59 Sec 10/15 -
A Asif Attari 20 - Mar - 2024 05 Min 12 Sec 10/15 -
T Taiba Siddique 31 - May - 2024 00 Min 22 Sec 9/15 -
R Raja Musa Sohail 08 - May - 2024 03 Min 31 Sec 9/15 -
T Taha Ali 07 - May - 2024 05 Min 22 Sec 9/15 -
F 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 | 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
|
| 2 | 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
|
| 3 | Good will is |
A. Expense
B. Profit
C. Assets
D. Liability
|
| 4 | 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
|
| 5 | If the goods will raised at the tim e of admissionof a new partner will be written off in. |
A. Old prifit sharing ratios
B. Capitals ratios
C. New profit - Old ratios
D. Sacrificing ratios
|
| 6 | 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
|
| 7 | Profit of revaluation should be credited to. |
A. Revaluation account
B. Liabilites accounts
C. Old partners capital accounts
D. Assets accounts
|
| 8 | 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
|
| 9 | 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
|
| 10 | 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
|
Test Questions