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

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	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
3	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
4	Gaining ratios are equal to.	A. New Ratio - Old ratio B. Old ratio- New ratio C. New Ratio + old ratios D. Capital ratios- New Ratios
5	Partner's capital are affected due to.	A. Admission of a partner B. Retirement of the partner C. Death of a partner D. All of the above
6	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
7	The which is calculated at the time of retirment of partner is	A. Gaining ratio B. Serching ratio C. Capita ratio D. New ratio
8	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
9	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
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

Latest Educational News Stories

Pakistan's Largest Database of Colleges and Universities

BS Programs

University Past Papers

University Results

Exam Results 2024

Study Abroad Programs and Opportunities for Pakistani Students

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

Gaining ratios are equal to.

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

Partner's capital are affected due to.

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

The retired is one who has

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

The gaining ratio are calculated on.

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

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

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

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

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

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

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

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

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

Set 1

Set 2

Topic Test

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

Test Questions

Is this page helpful?

Share your comments & questions here