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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Subtain Ahmed Raza 15 - Jul - 2023 02 Min 34 Sec 15/15
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Zainab Malik 02 - Jun - 2026 03 Min 02 Sec 13/15
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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	Sacrificing rations are equal to.	A. Capital Ratios- New ratios B. Old ratios - New ratios C. New ratio - old ratios D. None of these
2	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
3	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
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	When a new partner is admitted with out the consent of the old partner.	A. Partnership will be dissolved B. Will value C. Agreed value D. None of these
6	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
7	Revaluation loss should be debited to.	A. Revaluation account B. All partners capital account C. Old partners capital accounts D. New partners capital account
8	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
9	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
10	Profit of revaluation should be credited to.	A. Revaluation account B. Liabilites accounts C. Old partners capital accounts D. Assets accounts

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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

Good will is.

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

Revaluation loss should be debited to.

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

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

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

Profit of revaluation should be credited to.

Value of the good will is calculated under capitalization formula.

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

Good will is

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

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

The balance of revaluation accoun tis transferred to the old partners capital accounts in their.

A new partner may be admitted to a partnership.

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

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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