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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 case of banking business, the numerb of persons must not exceed.
Question # 2
A partner who takes an active part in the managment of the firm is called.
Question # 3
The persons who have entered in partnership are collctive called.
Question # 4
If some proparty is owned jointly with out any attention to carry on a business it is called.
Question # 5
A paatner who invests capital inthe business but does not take active part in the conduct of the business is called.
Question # 6
A paartner who have a major investment in the firm and receive a relatively more profit is called.
Question # 7
The persons who have entered two partnership are individually 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
The investment in partners capital accounts is to be credited to.
Question # 11
Liability of the partners in partnership is.
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
Interest on drawing is debited to.
Question # 14
Capital of the partners are maintained under.
Question # 15
Registraion of the firm.
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 -
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 -
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 | 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
|
| 2 | 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
|
| 3 | The owner of the partnership are called as. |
A. Member
B. Partners
C. Share holder
D. None of these
|
| 4 | Interest on drawing is debited to. |
A. Partners capital accounts
B. Profit and loss account
C. Interest account
D. None of these
|
| 5 | 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
|
| 6 | Investment in partnership is made byintroducing. |
A. Cash
B. Non cash assets
C. Cash or non cash assets
D. None of these
|
| 7 | Partnership is formed by the partners. |
A. Written agreement
B. Mutual consent
C. Verbal agreement
D. None of these
|
| 8 | 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
|
| 9 | 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
|
| 10 | A partner who takes an active part in the managment of the firm is called. |
A. Active partner
B. Sleeping partner
C. Norminal partner
D. Quasi partner
|
Test Questions
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