12th class Principle of Accounting chapter 4 online mcq test with answers for ICom part 2 Principle of Accounting Chapter 4 (Accounts of Join Stock Companies)

Principles of Accounting Icom Part 2 English Medium Chapter 4 Online Test

Sr. #	Questions	Answers Choice
1	A partner who is newly admitted to the firm with the consent of all the parties is called.	Salaried partner Incoming partner Junior partner Minor partner
2	A partner, who hasnot attained the age of majority is called.	Junior partner Minor partner Nominal patner Quasi Partner
3	A partner does not take an acitive partner is the managment firm is called.	Active partner Sinior partner Darment of sleeping partner Nominal partner
4	A person whoinvest the minor portion of capital in the business and so he has small share in the profit is called.	Senior partner Junior partner quast partner Nominal patner
5	A paartner who have a major investment in the firm and receive a relatively more profit is called.	Sleeping partner Darment partner Senior partner Estoppels partner
6	A partner who takes an active part in the managment of the firm is called.	Active partner Sleeping partner Norminal partner Quasi partner
7	The persons who have entered in partnership are collctive called.	A firm Agents Partners Promoters
8	In partnership minimum limit of partners is.	Two (02) Five(5) Ten (10) Tweleve (12)
9	In case of banking business, the numerb of persons must not exceed.	Ten (10) Twenty (20) Tweinty five(25) Fifty (50)
10	The persons who have entered two partnership are individually called.	Agents Partners A firm Vendor
11	Liability of the partners in partnership is.	Limited Unlimited Limited up to the extent of their capitals Depend on the will of the partners
12	Partnership is formed under the act of.	1984 1932 1912 1962
13	Maximum numebr of the partners in an ordinary Partinership.	Ten partners Twentry partners Thirty partners Fourth partners
14	Registraion of the firm.	It is legally necessary It is optional It depends on the will of the partners It depends uopon the will of theemployee
15	Partnership is formed by the partners.	Written agreement Mutual consent Verbal agreement None of these

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