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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
Registraion of the firm.
Question # 2
A partner who is newly admitted to the firm with the consent of all the parties is called.
Question # 3
A paartner who have a major investment in the firm and receive a relatively more profit is called.
Question # 4
The agreement among the partners which sets out the term is which they have agreed to form a partnership is called.
Question # 5
A person whoinvest the minor portion of capital in the business and so he has small share in the profit is called.
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 paatner who invests capital inthe business but does not take active part in the conduct of the business is called.
Question # 8
Investment in partnership is made byintroducing.
Question # 9
Current accoujts of the partners should be opened when the capital are.
Question # 10
Liability of the partners in partnership is.
Question # 11
Partnership is formed under the act of.
Question # 12
If some proparty is owned jointly with out any attention to carry on a business it is called.
Question # 13
In case of banking business, the numerb of persons must not exceed.
Question # 14
The persons who have entered two partnership are individually called.
Question # 15
The owner of the partnership are called as.
ICOM Part 2 English Medium Principles of Accounting Chapter 4 MCQ's Test
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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 | 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
|
| 2 | The owner of the partnership are called as. |
A. Member
B. Partners
C. Share holder
D. None of these
|
| 3 | 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)
|
| 4 | 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
|
| 5 | A partner, who hasnot attained the age of majority is called. |
A. Junior partner
B. Minor partner
C. Nominal patner
D. Quasi Partner
|
| 6 | 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
|
| 7 | Partnership is formed under the act of. |
A. 1984
B. 1932
C. 1912
D. 1962
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| 8 | The persons who have entered two partnership are individually called. |
A. Agents
B. Partners
C. A firm
D. Vendor
|
| 9 | 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
|
| 10 | 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
|
Test Questions
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