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)

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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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youth flavour 14 - Dec - 2024 03 Min 40 Sec 11/15
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Rana Muneeb 08 - May - 2023 02 Min 59 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	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
2	Sacrificing rations are equal to.	A. Capital Ratios- New ratios B. Old ratios - New ratios C. New ratio - old ratios D. None of these
3	Profit of revaluation should be credited to.	A. Revaluation account B. Liabilites accounts C. Old partners capital accounts D. Assets accounts
4	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
5	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
6	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
7	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
8	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
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	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

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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

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

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.

A new partner may be admitted to a partnership.

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

Profit of revaluation should be credited to.

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

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

Good will is.

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

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

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

Sacrificing rations are equal to.

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

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

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

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Muhammad Farooq

Muhammad Farooq