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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"
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Total Questions15
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Time Allowed20
Principles of Accounting Icom Part 2 English Medium Chapter 7 Online Test
00:00
Question # 1
In case of dissolution, assets sold for cash are debited to
Question # 2
Un recorded liability when paid on dissolution of the firmis debited to.
Question # 3
Reserve for bad and doubtful debts appearing in the books of accounts at the time of dissolution shuld be transferred to.
Question # 4
The end or termination of partnership is called.
Question # 5
According to the decision in Garner Va. Murray rule the loss due to insolvency of a partner is be shared by solvent, partner in the.
Question # 6
Realizaton account is a.
Question # 7
The balance of realization account is transferred to the capital accounts of the partners in.
Question # 8
Generatal reserve at the time of dissolution is transferred to
Question # 9
The balance of revalution account is transferred to the capital accounts of the partners in.
Question # 10
If all the partners but one is solvent it is.
Question # 11
The partnership may come to an end due to the
Question # 12
Where a partner become unsound mind the dissolution is considered as.
Question # 13
The Decision in Garner Va. Murray was given in.
Question # 14
Reliization account is opened to find out gain or loss at the time of.
Question # 15
On the dissolution of the partnership unrecorded assets if takes away by the partners is debited to.
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
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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 -
Z Zainab Malik 02 - Jun - 2026 02 Min 29 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
ICom Part II Principles of Accounting Chapter 0 Important MCQ's
| Sr.# | Question | Answer |
|---|---|---|
| 1 | The balance of revalution account is transferred to the capital accounts of the partners in. |
A. Profit sharing ratios
B. Capital ratios
C. Equality
D. None of these
|
| 2 | In case of dissolution, assets sold for cash are debited to |
A. Realization account
B. Cash account
C. Assets account
D. None of these
|
| 3 | 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
|
| 4 | According to the decision in Garner Va. Murray rule the loss due to insolvency of a partner is be shared by solvent, partner in the. |
A. Capital ratios
B. Profit sharing ratios
C. Equal ratios
D. None of these
|
| 5 | Un recorded liability when paid on dissolution of the firmis debited to. |
A. Realization account
B. Liability account
C. Partners capital account
D. None of these
|
| 6 | The Decision in Garner Va. Murray was given in. |
A. 1905
B. 1904
C. 1804
D. 1933
|
| 7 | In case of Garner Vs. Murray rule, the decision was given is. |
A. Mr. Justice james
B. Mr Garner
C. Mr. Justice joyee
D. Mr. Murray
|
| 8 | 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
|
| 9 | The partnership may come to an end due to the |
A. Death of a partner
B. Involvency of a partner
C. Both of the above
D. None of these
|
| 10 | 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
|
Test Questions
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