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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"
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Total Questions15
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Time Allowed20
Principles of Accounting Icom Part 2 English Medium Chapter 6 Online Test
00:00
Question # 1
Profit and loss on revalution at the time of retirement must be transerred to the partners in.
Question # 2
The profit on revaluation of assts and liabilities on the retirement of the partners should be credited to the capital account of.
Question # 3
In case of retirement the amount of the general reserve any other profit is credited to all partners in.
Question # 4
In case of retirement of a partners full good will is credited to the account of.
Question # 5
Partner's capital are affected due to.
Question # 6
The which is calculated at the time of retirment of partner is
Question # 7
In case of los on revaluation of assets and liabilities should be debited to.
Question # 8
On the detah of the partner the amount of the joint policy credited to the capital account of.
Question # 9
A partner goes out of a firm due to certain event or reason is known as.
Question # 10
Amount due to the deceased partner is generally transferred to
Question # 11
The amount payable to the retiring partner is shown in the balance sheet of partnership as.
Question # 12
The retired is one who has
Question # 13
Joint life policy account after the maturity of the policy shoul dbe transferred to the capital accounts of the partners in.
Question # 14
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 # 15
Amount of to the out going partner is shown in the balance sheet as his.
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
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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 -
F Fazilat Official 05 - Dec - 2025 02 Min 30 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
ICom Part II Principles of Accounting Chapter 0 Important MCQ's
| Sr.# | Question | Answer |
|---|---|---|
| 1 | The amount payable to the retiring partner is shown in the balance sheet of partnership as. |
A. Capital
B. Loan
C. Investment
D. Assets
|
| 2 | 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
|
| 3 | Amount of to the out going partner is shown in the balance sheet as his. |
A. Liability
B. Loan
C. Capital
D. Assets
|
| 4 | 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
|
| 5 | The gaining ratio are calculated on. |
A. Admissionof a partner
B. Death of a partner
C. Retirement of a partner
D. None of these
|
| 6 | 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
|
| 7 | In case of retirement the amount of the general reserve any other profit is credited to all partners in. |
A. Sacrificing Ratios
B. New profit sharing ratios
C. Old prift sharing ratios
D. Gaining ratios
|
| 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 | The retired is one who has |
A. Died
B. Withdraw his capital
C. Bought his capital
D. Decreases his capital
|
Test Questions
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