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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
Maximum numebr of the partners in an ordinary Partinership.
Question # 2
Liability of the partners in partnership is.
Question # 3
Capital of the partners are maintained under.
Question # 4
The owner of the partnership are called as.
Question # 5
The persons who have entered two partnership are individually called.
Question # 6
In the absence of an partnership agreement the pfofit and losses are divided by the partners in the ratio of.
Question # 7
A partner does not take an acitive partner is the managment firm is called.
Question # 8
For the firm, interest on drawing is.
Question # 9
In case of banking business, the numerb of persons must not exceed.
Question # 10
A person whoinvest the minor portion of capital in the business and so he has small share in the profit is called.
Question # 11
Investment in partnership is made byintroducing.
Question # 12
Current accoujts of the partners should be opened when the capital are.
Question # 13
The persons who have entered in partnership are collctive called.
Question # 14
In the absence of an agreement partners shall
Question # 15
Partnership is formed by the partners.
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 -
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ICom Part II Principles of Accounting Chapter 0 Important MCQ's
| Sr.# | Question | Answer |
|---|---|---|
| 1 | 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
|
| 2 | A paartner who have a major investment in the firm and receive a relatively more profit is called. |
A. Sleeping partner
B. Darment partner
C. Senior partner
D. Estoppels partner
|
| 3 | A partner, who hasnot attained the age of majority is called. |
A. Junior partner
B. Minor partner
C. Nominal patner
D. Quasi Partner
|
| 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 | 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
|
| 6 | 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
|
| 7 | Liability of the partners in partnership is. |
A. Limited
B. Unlimited
C. Limited up to the extent of their capitals
D. Depend on the will of the partners
|
| 8 | 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
|
| 9 | 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
|
| 10 | For the firm, interest on drawing is. |
A. Expense
B. Income
C. Liability
D. None of these
|
Test Questions
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