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)

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

Sr. #	Questions	Answers Choice
1	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.	Capital ratio Old profit sharing ratio New profit shiaring ratio None of these
2	Profit and loss on revalution at the time of retirement must be transerred to the partners in.	Capital ratio Old prifit sharing ratio New profit sharing ratio Gaining ratio
3	Partner's capital are affected due to.	Admission of a partner Retirement of the partner Death of a partner All of the above
4	Amount of to the out going partner is shown in the balance sheet as his.	Liability Loan Capital Assets
5	In case of retirement of a partners full good will is credited to the account of.	Only retring partner Only remaining partners All partners None of these
6	A partner goes out of a firm due to certain event or reason is known as.	Retired or out going partner Junior partner Senior partner Minor partner