12th class Principle of Accounting chapter 5 online mcq test with answers for ICom part 2 Principle of Accounting Chapter 5 (Depreciation, Provisions and Reserves)

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

Sr. #	Questions	Answers Choice
1	Profit on revalutin is to be caredited to old partners in their	Sacrificing ratio New profit shiaring ratio Old prift sharing ratio Equal prift sharing ratio
2	The balance of revaluation accoun tis transferred to the old partners capital accounts in their.	Sacrificing ratio Old profit shairng ratio New profit sharing ratio Equal profit shairng ratio
3	Revaluation account is a.	Real account Personal account Cash account Nominal account
4	When a new partner is admitted with out the consent of the old partner.	Partnership will be dissolved Will value Agreed value None of these
5	A new partner may be admitted to a partnership.	With the consent of all the partners With the consent of any one of the partners With consent of two third the old partners Without the consent of old partners