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

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

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

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  • Total Questions15

  • Time Allowed20

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

00:00
Question # 1

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

Question # 2

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

Question # 3

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

Question # 4

Amount due to the deceased partner is generally transferred to

Question # 5

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

Question # 6

The amount payable to the retiring partner is shown in the balance sheet of partnership as.

Question # 7

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

Question # 8

The retired is one who has

Question # 9

The which is calculated at the time of retirment of partner is

Question # 10

In case of los on revaluation of assets and liabilities should be debited to.

Question # 11

Gaining ratios are equal to.

Question # 12

The gaining ratio are calculated on.

Question # 13

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

Question # 14

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

Question # 15

Partner's capital are affected due to.

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

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