12th Class Principle of Accounting Online MCQ's Test with Answers for Chapter 5 (Depreciation, Provisions and Reserves)

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ICOM Part 2 English Medium Principles of Accounting Chapter 5 MCQ's Test

Principles of Accounting Icom Part 2 English Medium Chapter 5 Online Test

Try the Principles of Accounting Icom Part 2 English Medium Chapter 5 Online Test.

  • Total Questions15

  • Time Allowed20

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Principles of Accounting Icom Part 2 English Medium Chapter 5 Online Test

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Question # 1

Value of the good will is calculated under capitalization formula.

Question # 2

Old prifit sharing ratio minus new profit sharing ratio is equal for.

Question # 3

Profit on revalutin is to be caredited to old partners in their

Question # 4

When a new partner is admitted with out the consent of the old partner.

Question # 5

On the addimissionof a new partner the increase int he value of assets is debited

Question # 6

The extra amount charged fromt he new partner over and above the capital is for.

Question # 7

The balance of revaluation accoun tis transferred to the old partners capital accounts in their.

Question # 8

Revaluation account is a.

Question # 9

Revaluation loss should be debited to.

Question # 10

Good will is

Question # 11

On the admission of a new partneer the decreasein the value of assets is debited to.

Question # 12

A new partner may be admitted to a partnership.

Question # 13

The amount of good will broght in cash by nw partner will be credited to old partner in.

Question # 14

Sacrificing rations are equal to.

Question # 15

In the absence of an agreement, the share of new partner in patnership will be.

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