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

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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"

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  • Total Questions15

  • Time Allowed20

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

00:00
Question # 1

Good will is.

Question # 2

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

Question # 3

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

Question # 4

Good will is

Question # 5

Value of the good will is calculated under capitalization formula.

Question # 6

Profit of revaluation should be credited to.

Question # 7

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

Question # 8

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

Question # 9

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

Question # 10

Revaluation account is a.

Question # 11

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

Question # 12

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

Question # 13

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

Question # 14

Sacrificing rations are equal to.

Question # 15

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

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

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