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MCQ's Test For Chapter 0 "Principles of Accounting Icom Part 2 English Medium Chapter 4 Online Test"
Try The MCQ's Test For Chapter 0 "Principles of Accounting Icom Part 2 English Medium Chapter 4 Online Test"
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Total Questions15
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Time Allowed20
Principles of Accounting Icom Part 2 English Medium Chapter 4 Online Test
00:00
Question # 1
Liability of the partners in partnership is.
Question # 2
Interest on drawing is debited to.
Question # 3
In partnership minimum limit of partners is.
Question # 4
A paatner who invests capital inthe business but does not take active part in the conduct of the business is called.
Question # 5
Current accoujts of the partners should be opened when the capital are.
Question # 6
For the firm, interest on drawing is.
Question # 7
If some proparty is owned jointly with out any attention to carry on a business it is called.
Question # 8
In the absence of an partnership agreement the pfofit and losses are divided by the partners in the ratio of.
Question # 9
Partnership is formed by the partners.
Question # 10
A partner who takes an active part in the managment of the firm is called.
Question # 11
The agreement among the partners which sets out the term is which they have agreed to form a partnership is called.
Question # 12
Maximum numebr of the partners in an ordinary Partinership.
Question # 13
The persons who have entered in partnership are collctive called.
Question # 14
Capital of the partners are maintained under.
Question # 15
The owner of the partnership are called as.
ICOM Part 2 English Medium Principles of Accounting Chapter 4 MCQ's Test
Top Scorers Of Chapter 0 "Principles of Accounting Icom Part 2 English Medium Chapter 4 Online Test" MCQ`s Test
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F Fazilat Official 05 - Dec - 2025 01 Min 02 Sec 15/15 -
M Malaika MA 03 - Aug - 2024 01 Min 23 Sec 15/15 -
S Subtain Ahmed Raza 15 - Jul - 2023 01 Min 47 Sec 15/15 -
Y youth flavour 14 - Dec - 2024 03 Min 18 Sec 15/15 -
A Ahmad Daar 02 - Apr - 2024 01 Min 08 Sec 14/15 -
S Sheikh Zadi 13 - May - 2023 01 Min 13 Sec 14/15 -
S Shantul Gabol 10 - Dec - 2023 03 Min 07 Sec 14/15 -
A adina waqas 05 - Dec - 2024 01 Min 50 Sec 13/15 -
Y Yusuf Iftehar Iftehar Ahmad 07 - Feb - 2022 02 Min 04 Sec 13/15 -
T Taiba Siddique 31 - May - 2024 00 Min 11 Sec 12/15 -
T Tyab ali Ali 03 - May - 2023 01 Min 58 Sec 12/15 -
S SEO Guru 28 - Jun - 2022 02 Min 12 Sec 12/15 -
R Rana Muneeb 08 - May - 2023 02 Min 37 Sec 12/15 -
H Huzaifa Arfeen 18 - May - 2023 03 Min 55 Sec 12/15 -
Z Zafar Ali 07 - Jun - 2024 00 Min 30 Sec 11/15
ICom Part II Principles of Accounting Chapter 0 Important MCQ's
| Sr.# | Question | Answer |
|---|---|---|
| 1 | Registraion of the firm. |
A. It is legally necessary
B. It is optional
C. It depends on the will of the partners
D. It depends uopon the will of theemployee
|
| 2 | The agreement among the partners which sets out the term is which they have agreed to form a partnership is called. |
A. Partnership deed
B. Aribtrartio clause
C. Partnership at will
D. None of these
|
| 3 | If some proparty is owned jointly with out any attention to carry on a business it is called. |
A. Partnership
B. Co- ownership
C. Sole ownership
D. Agency
|
| 4 | A paatner who invests capital inthe business but does not take active part in the conduct of the business is called. |
A. Active partner
B. Sleeping partner
C. Secrete partner
D. None of these
|
| 5 | Current accout of the partners should be opened when the capitals are. |
A. Fluctuating
B. Fixed
C. Either fixed or fluctuating
D. Neither fixed or fluctuating
|
| 6 | Partnership is formed by the partners. |
A. Written agreement
B. Mutual consent
C. Verbal agreement
D. None of these
|
| 7 | Capital of the partners are maintained under. |
A. Fixed capital method
B. Fluctuating method
C. By any two of the above
D. None of the above
|
| 8 | When the capitals of the partners arr not allowed to change during the life time of the business except in extra ordinary circumslancer then they are called. |
A. Fluctuating capitals
B. Fixed capitals
C. Current capitals
D. None of these
|
| 9 | For the firm, interest on drawing is. |
A. Expense
B. Income
C. Liability
D. None of these
|
| 10 | Interest on drawing is debited to. |
A. Partners capital accounts
B. Profit and loss account
C. Interest account
D. None of these
|
Test Questions
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