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

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  • Available questions20
  • Chapter Name5

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

  • Total Questions15

  • Time Allowed20

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

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Question # 1

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

Question # 2

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

Question # 3

A new partner may be admitted to a partnership.

Question # 4

Good will is

Question # 5

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

Question # 6

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

Question # 7

Profit of revaluation should be credited to.

Question # 8

Revaluation account is a.

Question # 9

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

Question # 10

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

Question # 11

Value of the good will is calculated under capitalization formula.

Question # 12

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

Question # 13

Revaluation loss should be debited to.

Question # 14

Sacrificing rations are equal to.

Question # 15

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

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