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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
Current accoujts of the partners should be opened when the capital are.
Question # 3
In the absence of an agreement partners shall
Question # 4
Investment in partnership is made byintroducing.
Question # 5
Registraion of the firm.
Question # 6
A paartner who have a major investment in the firm and receive a relatively more profit is called.
Question # 7
Interest on drawing is debited to.
Question # 8
Partnership is formed under the act of.
Question # 9
In the absence of an partnership agreement the pfofit and losses are divided by the partners in the ratio of.
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
A paatner who invests capital inthe business but does not take active part in the conduct of the business is called.
Question # 12
In partnership minimum limit of partners is.
Question # 13
The investment in partners capital accounts is to be credited to.
Question # 14
A partner does not take an acitive partner is the managment firm is called.
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 -
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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S Shantul Gabol 10 - Dec - 2023 03 Min 07 Sec 14/15 -
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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 | 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)
|
| 2 | 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
|
| 3 | 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
|
| 4 | 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
|
| 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 | 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 | 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
|
| 8 | In partnership minimum limit of partners is. |
A. Two (02)
B. Five(5)
C. Ten (10)
D. Tweleve (12)
|
| 9 | 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
|
| 10 | 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
|
Test Questions
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