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

  • Medium English
  • Available questions42
  • Chapter Name6
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Principles of Accounting Icom Part 2 English Medium Chapter 6 Online Test

  • Total Questions15

  • Time Allowed20

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

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Question # 1

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

Question # 2

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

Question # 3

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

Question # 4

The gaining ratio are calculated on.

Question # 5

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 # 6

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

Question # 7

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

Question # 8

Partner's capital are affected due to.

Question # 9

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

Question # 10

Gaining ratios are equal to.

Question # 11

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

Question # 12

The retired is one who has

Question # 13

The retired is one who has

Question # 14

Gaining ratios are equal to.

Question # 15

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

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