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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
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 # 2
Current accout of the partners should be opened when the capitals are.
Question # 3
The investment in partners capital accounts is to be credited to.
Question # 4
In the absence of an agreement partners shall
Question # 5
In the absence of an agreemetn, interest on loan advanced by the partner to the firm is allowd at the rate of.
Question # 6
A person whoinvest the minor portion of capital in the business and so he has small share in the profit is called.
Question # 7
Interest on drawing is debited to.
Question # 8
In partnership minimum limit of partners is.
Question # 9
A partner who is newly admitted to the firm with the consent of all the parties is called.
Question # 10
The persons who have entered in partnership are collctive called.
Question # 11
For the firm, interest on drawing is.
Question # 12
In case of banking business, the numerb of persons must not exceed.
Question # 13
Registraion of the firm.
Question # 14
Investment in partnership is made byintroducing.
Question # 15
Maximum numebr of the partners in an ordinary Partinership.
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 -
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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 -
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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 | The agreement among the partners which sets out the term is which they have agreed to form a partnership is called. |
A. Partnership deed
B. Aribtrartio clause
C. Partnership at will
D. None of these
|
| 2 | Registraion of the firm. |
A. It is legally necessary
B. It is optional
C. It depends on the will of the partners
D. It depends uopon the will of theemployee
|
| 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 | 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
|
| 5 | 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
|
| 6 | For the firm, interest on drawing is. |
A. Expense
B. Income
C. Liability
D. None of these
|
| 7 | 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
|
| 8 | Investment in partnership is made byintroducing. |
A. Cash
B. Non cash assets
C. Cash or non cash assets
D. None of these
|
| 9 | The owner of the partnership are called as. |
A. Member
B. Partners
C. Share holder
D. None of these
|
| 10 | 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
|
Test Questions
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