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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
The agreement among the partners which sets out the term is which they have agreed to form a partnership is called.
Question # 2
The owner of the partnership are called as.
Question # 3
Partnership is formed by the partners.
Question # 4
In partnership minimum limit of partners is.
Question # 5
Capital of the partners are maintained under.
Question # 6
A paatner who invests capital inthe business but does not take active part in the conduct of the business is called.
Question # 7
The investment in partners capital accounts is to be credited to.
Question # 8
In case of banking business, the numerb of persons must not exceed.
Question # 9
A person whoinvest the minor portion of capital in the business and so he has small share in the profit is called.
Question # 10
Partnership is formed under the act of.
Question # 11
Interest on drawing is debited to.
Question # 12
Current accoujts of the partners should be opened when the capital are.
Question # 13
A partner, who hasnot attained the age of majority is called.
Question # 14
A partner does not take an acitive partner is the managment firm is called.
Question # 15
A partner who is newly admitted to the firm with the consent of all the parties is called.
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 -
Z Zainab Malik 02 - Jun - 2026 02 Min 08 Sec 15/15 -
Y youth flavour 14 - Dec - 2024 03 Min 18 Sec 15/15 -
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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 -
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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 | Maximum numebr of the partners in an ordinary Partinership. |
A. Ten partners
B. Twentry partners
C. Thirty partners
D. Fourth partners
|
| 2 | The investment in partners capital accounts is to be credited to. |
A. Partners capital accounts
B. Profit and loss account
C. Interest account
D. None of these
|
| 3 | Investment in partnership is made byintroducing. |
A. Cash
B. Non cash assets
C. Cash or non cash assets
D. None of these
|
| 4 | In case of banking business, the numerb of persons must not exceed. |
A. Ten (10)
B. Twenty (20)
C. Tweinty five(25)
D. Fifty (50)
|
| 5 | Partnership is formed by the partners. |
A. Written agreement
B. Mutual consent
C. Verbal agreement
D. None of these
|
| 6 | A partner who is newly admitted to the firm with the consent of all the parties is called. |
A. Salaried partner
B. Incoming partner
C. Junior partner
D. Minor partner
|
| 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 | The persons who have entered in partnership are collctive called. |
A. A firm
B. Agents
C. Partners
D. Promoters
|
| 9 | A partner, who hasnot attained the age of majority is called. |
A. Junior partner
B. Minor partner
C. Nominal patner
D. Quasi Partner
|
| 10 | Partnership is formed under the act of. |
A. 1984
B. 1932
C. 1912
D. 1962
|
Test Questions