Home
News
Colleges
Courses
Admission
Lectures
Online Test
Past Papers
Date Sheets
Results
Study Abroad
Jobs
Tutors
More
Apps
MCQ's Test For Chapter 0 "Principles of Accounting Icom Part 2 English Medium Chapter 7 Online Test"
Try The MCQ's Test For Chapter 0 "Principles of Accounting Icom Part 2 English Medium Chapter 7 Online Test"
-
Total Questions15
-
Time Allowed20
Principles of Accounting Icom Part 2 English Medium Chapter 7 Online Test
00:00
Question # 1
In case of Garner Vs. Murray rule, the decision was given is.
Question # 2
The partnership may come to an end due to the
Question # 3
As per the decision in Garner Va. Murray the solvent partner bring in cash equal to their share of.
Question # 4
Reserve for bad and doubtful debts appearing in the books of accounts at the time of dissolution shuld be transferred to.
Question # 5
In the absence of any agreement Reserve on dissolution of a partnership firm is credited to the partners.
Question # 6
The balance of revalution account is transferred to the capital accounts of the partners in.
Question # 7
If any partner takes over any asset at the time of dissolution then it should be debited to.
Question # 8
Where a partner become unsound mind the dissolution is considered as.
Question # 9
Reliization account is opened to find out gain or loss at the time of.
Question # 10
Realizaton account is a.
Question # 11
In case of dissolution if there is any undivided profit are reserve should be credited to.
Question # 12
On the dissolution of the partnership unrecorded assets if takes away by the partners is debited to.
Question # 13
In case of dissolution, assets sold for cash are debited to
Question # 14
When a firm dissolved with the consent of all the partners it is called.
Question # 15
The end or termination of partnership is called.
ICOM Part 2 English Medium Principles of Accounting Chapter 7 MCQ's Test
Top Scorers Of Chapter 0 "Principles of Accounting Icom Part 2 English Medium Chapter 7 Online Test" MCQ`s Test
-
H Hadi 17 - Jul - 2021 00 Min 08 Sec 15/15 -
F Farzeen 08 - Feb - 2023 00 Min 40 Sec 14/15 -
G gullam 17 - Jul - 2021 01 Min 46 Sec 14/15 -
M MusksnBaig 26 - Jun - 2021 02 Min 19 Sec 13/15 -
S Subtain Ahmed Raza 15 - Jul - 2023 03 Min 27 Sec 13/15 -
A Alisha 26 - Jun - 2021 02 Min 25 Sec 12/15 -
P Palwasha 25 - Jun - 2021 02 Min 46 Sec 12/15 -
E Ehtisham 16 - Jul - 2021 01 Min 38 Sec 11/15 -
M Malaika MA 03 - Aug - 2024 01 Min 45 Sec 11/15 -
G Ghumrojaved 25 - Jun - 2021 05 Min 21 Sec 11/15 -
A Ayesha Tariq 11 - Dec - 2021 11 Min 58 Sec 11/15 -
T Tayab 29 - Jul - 2021 02 Min 46 Sec 10/15 -
A Arsalan Ali 26 - Jul - 2021 02 Min 53 Sec 10/15 -
S Sameer Raza 24 - Jul - 2021 04 Min 09 Sec 10/15 -
M M Salman 25 - Jul - 2021 08 Min 58 Sec 10/15
| Sr.# | Question | Answer |
|---|---|---|
| 1 | When a firm dissolved with the consent of all the partners it is called. |
A. Dissolution by notice
B. Dissolution by agreement
C. Dissolution by court
D. Compulsory dissolution
|
| 2 | If all the partners but one is solvent it is. |
A. Compulsory dissolution of firm
B. Dissolution by agreement
C. Or may not cause dissolution
D. None of these
|
| 3 | At the time of dissolution, all the assets of the firm are transfered in the realization account at. |
A. Market value
B. Book value
C. Cost value
D. Bale value
|
| 4 | Reliization account is opened to find out gain or loss at the time of. |
A. Admisson of a new partner
B. Retirement of the partner
C. Death of the partners
D. None of these
|
| 5 | If any partner takes the responsibility to pay the liabilities of the firm at the time of dissolution then it should be credited to. |
A. Partner's capital account
B. Realization account
C. Liabilities accounts
D. Cash accounts
|
| 6 | Realizaton account is a. |
A. Nominal account
B. Real account
C. Personal account
D. Cash account
|
| 7 | The Decision in Garner Va. Murray was given in. |
A. 1905
B. 1904
C. 1804
D. 1933
|
| 8 | In the absence of any agreement Reserve on dissolution of a partnership firm is credited to the partners. |
A. In capital ratio
B. In profit sharing ratio
C. Equality
D. None of these
|
Test Questions
