12th class Principle of Accounting chapter 6 online mcq test with answers for ICom part 2 Principle of Accounting Chapter 6 (Partnership Accounts Profit Distribution)

Top Scorers Of Chapter 0 "Principles of Accounting Icom Part 2 English Medium Chapter 6 Online Test" MCQ`s Test

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Subtain Ahmed Raza 15 - Jul - 2023 01 Min 57 Sec 15/15
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Sameer Raza 23 - Jul - 2021 02 Min 38 Sec 15/15
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Arsalan Ali 26 - Jul - 2021 01 Min 22 Sec 14/15
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Malaika MA 03 - Aug - 2024 02 Min 21 Sec 13/15
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Fazilat Official 05 - Dec - 2025 02 Min 30 Sec 13/15
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bilal 26 - Aug - 2021 05 Min 35 Sec 13/15
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Tayab 27 - Jul - 2021 01 Min 31 Sec 12/15
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Zain 24 - Jul - 2021 02 Min 36 Sec 12/15
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Hassan 19 - Jul - 2021 03 Min 20 Sec 12/15
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muhammad Noman 10 - May - 2024 03 Min 34 Sec 11/15
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Ayesha Tariq 11 - Dec - 2021 06 Min 46 Sec 11/15
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Shantul Gabol 10 - Dec - 2023 03 Min 10 Sec 10/15
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Picka Chu 31 - Jan - 2023 03 Min 15 Sec 10/15
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Ersha sehar 20 - Jul - 2021 03 Min 46 Sec 10/15
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KHALIL UR REHAMAN 04 - Sep - 2022 03 Min 48 Sec 10/15

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

Sr.#	Question	Answer
1	On retirement of a partner the share of a retiring partner is taken by.	A. Remaining partner B. New partner C. Legal representator or retiring partner D. None of these
2	The which is calculated at the time of retirment of partner is	A. Gaining ratio B. Serching ratio C. Capita ratio D. New ratio
3	On the detah of the partner the amount of the joint policy credited to the capital account of.	A. Remaining partners capital account B. All partners capital accounts C. Deceased parners capital account D. None of these
4	The gaining ratio are calculated on.	A. Admissionof a partner B. Death of a partner C. Retirement of a partner D. None of these
5	Amount due to the deceased partner is generally transferred to	A. Executor's loan B. Profit and loss accounts C. Capital account D. None of thess
6	In case of los on revaluation of assets and liabilities should be debited to.	A. Retiring partners capital accounts B. All partners capital accounts C. Remaining patners capitala account D. None of these
7	The profit on the revaluation of the assets and liabilities o the retirement of the partner should be credited to.	A. All partners capital accounts B. Only retiring partners capitals accounts C. Remaiingng partners capital account D. None of these
8	If the good will raised at the time of retirement of a partner is to be written off, then the capital accounts of the remaiing partners are debited in.	A. Capital ratio B. Old profit sharing ratio C. New profit shiaring ratio D. None of these
9	In case of retirement when the good will raised with retiring partner written off among the remaining partner.	A. In gaiing ratios B. Sacrifing ratios C. Capital ratios D. New ratio
10	Joint life policy account after the maturity of the policy shoul dbe transferred to the capital accounts of the partners in.	A. Capital ratios B. Old profit sharing ratios C. New profit sharing ratio D. Gaining ratios

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12th Class Principle of Accounting Online MCQ's Test with Answers for Chapter 6 (Partnership Accounts Profit Distribution)

ICOM Part 2 English Medium Principles of Accounting Chapter 6 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 6 Online Test"

Principles of Accounting Icom Part 2 English Medium Chapter 6 Online Test

On retirement of a partner the share of a retiring partner is taken by.

The gaining ratio are calculated on.

Profit and loss on revalution at the time of retirement must be transerred to the partners in.

Amount of to the out going partner is shown in the balance sheet as his.

On the detah of the partner the amount of the joint policy credited to the capital account of.

If the good will raised at the time of retirement of a partner is to be written off, then the capital accounts of the remaiing partners are debited in.

Partner's capital are affected due to.

In case of retirement of a partners full good will is credited to the account of.

The retired is one who has

In case of retirement when the good will raised with retiring partner written off among the remaining partner.

A partner goes out of a firm due to certain event or reason is known as.

In case of retirement the amount of the general reserve any other profit is credited to all partners in.

The profit on revaluation of assts and liabilities on the retirement of the partners should be credited to the capital account of.

Joint life policy account after the maturity of the policy shoul dbe transferred to the capital accounts of the partners in.

The credit balance of retiring partner capital account if not paid in cash should be tranferred to.

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ICOM Part 2 English Medium Principles of Accounting Chapter 6 MCQ's Test

Top Scorers Of Chapter 0 "Principles of Accounting Icom Part 2 English Medium Chapter 6 Online Test" MCQ`s Test

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

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