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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
In partnership minimum limit of partners is.
Question # 2
If some proparty is owned jointly with out any attention to carry on a business it is called.
Question # 3
Liability of the partners in partnership is.
Question # 4
Maximum numebr of the partners in an ordinary Partinership.
Question # 5
Capital of the partners are maintained under.
Question # 6
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.
Question # 7
A partner, who hasnot attained the age of majority is called.
Question # 8
Investment in partnership is made byintroducing.
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
For the firm, interest on drawing is.
Question # 11
The persons who have entered in partnership are collctive called.
Question # 12
In the absence of an agreemetn, interest on loan advanced by the partner to the firm is allowd at the rate of.
Question # 13
In the absence of an agreement partners shall
Question # 14
The investment in partners capital accounts is to be credited to.
Question # 15
Partnership is formed under the act of.
ICOM Part 2 English Medium Principles of Accounting Chapter 4 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 -
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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 -
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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 | In the absence of an agreement partners shall |
A. Be paid salaries
B. Not to be paid the salaries
C. Be paid salaries by the consent of the pariners
D. Be paid salaris to thos who worked for the firm
|
| 2 | Partnership is formed by the partners. |
A. Written agreement
B. Mutual consent
C. Verbal agreement
D. None of these
|
| 3 | A partner does not take an acitive partner is the managment firm is called. |
A. Active partner
B. Sinior partner
C. Darment of sleeping partner
D. Nominal partner
|
| 4 | In the absence of an partnership agreement the pfofit and losses are divided by the partners in the ratio of. |
A. Capitals
B. Profit and loss ratios
C. Equality
D. Time devoted by each partner
|
| 5 | 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
|
| 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 | Current accoujts of the partners should be opened when the capital are. |
A. Fixed
B. Fluctuating
C. Either fixed or fluctuating
D. None of these
|
| 8 | A person whoinvest the minor portion of capital in the business and so he has small share in the profit is called. |
A. Senior partner
B. Junior partner
C. quast partner
D. Nominal patner
|
| 9 | 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)
|
| 10 | In the absence of an agreemetn, interest on loan advanced by the partner to the firm is allowd at the rate of. |
A. 5 persent
B. 6 persent
C. 8 persent
D. 9 persent
|
Test Questions
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