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

Start Chapter 6 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"

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

  • Total Questions15

  • Time Allowed20

Start Test Download PDF

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

00:00
Question # 1

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

Question # 2

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

Question # 3

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

Question # 4

The profit on the revaluation of the assets and liabilities o the retirement of the partner should be credited to.

Question # 5

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

Question # 6

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

Question # 7

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.

Question # 8

Partner's capital are affected due to.

Question # 9

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

Question # 10

The gaining ratio are calculated on.

Question # 11

The retired is one who has

Question # 12

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

Question # 13

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

Question # 14

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

Question # 15

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

Submit

Prepare Complete Set Wise Chapter 0 "Principles of Accounting Icom Part 2 English Medium Chapter 6 Online Test" MCQs Online With Answers


ic-science-white
Principles of Accounting
6th Chapter

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

  • S
    Subtain Ahmed Raza 15 - Jul - 2023 01 Min 57 Sec 15/15
  • S
    Sameer Raza 23 - Jul - 2021 02 Min 38 Sec 15/15
  • A
    Arsalan Ali 26 - Jul - 2021 01 Min 22 Sec 14/15
  • M
    Malaika MA 03 - Aug - 2024 02 Min 21 Sec 13/15
  • B
    bilal 26 - Aug - 2021 05 Min 35 Sec 13/15
  • T
    Tayab 27 - Jul - 2021 01 Min 31 Sec 12/15
  • Z
    Zain 24 - Jul - 2021 02 Min 36 Sec 12/15
  • H
    Hassan 19 - Jul - 2021 03 Min 20 Sec 12/15
  • S
    Sharika usmani 17 - Jul - 2021 05 Min 25 Sec 12/15
  • M
    muhammad Noman 10 - May - 2024 03 Min 34 Sec 11/15
  • A
    Ayesha Tariq 11 - Dec - 2021 06 Min 46 Sec 11/15
  • S
    Shantul Gabol 10 - Dec - 2023 03 Min 10 Sec 10/15
  • P
    Picka Chu 31 - Jan - 2023 03 Min 15 Sec 10/15
  • E
    Ersha sehar 20 - Jul - 2021 03 Min 46 Sec 10/15
  • K
    KHALIL UR REHAMAN 04 - Sep - 2022 03 Min 48 Sec 10/15

Test Questions

Is this page helpful?