12th Class Principle of Accounting Online MCQ's Test with Answers for Chapter 6 (Partnership Accounts Profit Distribution)

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ICOM Part 2 English Medium Principles of Accounting Chapter 6 MCQ's Test

Principles of Accounting Icom Part 2 English Medium Chapter 6 Online Test

Try the Principles of Accounting Icom Part 2 English Medium Chapter 6 Online Test.

  • Total Questions15

  • Time Allowed20

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Principles of Accounting Icom Part 2 English Medium Chapter 6 Online Test

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Question # 1

On the detah of the partner the amount of the joint policy credited to the capital account of.

Question # 2

Joint life policy account after the maturity of the policy shoul dbe transferred to the capital accounts of the partners in.

Question # 3

Amount due to the deceased partner is generally transferred to

Question # 4

In case of los on revaluation of assets and liabilities should be debited to.

Question # 5

The amount payable to the retiring partner is shown in the balance sheet of partnership as.

Question # 6

Partner's capital are affected due to.

Question # 7

On retirement of a partner the share of a retiring partner is taken by.

Question # 8

The profit on revaluation of assts and liabilities on the retirement of the partners should be credited to the capital account of.

Question # 9

Gaining ratios are equal to.

Question # 10

In case of retirement the amount of the general reserve any other profit is credited to all partners in.

Question # 11

In case of retirement when the good will raised with retiring partner written off among the remaining partner.

Question # 12

The which is calculated at the time of retirment of partner is

Question # 13

The retired is one who has

Question # 14

A partner goes out of a firm due to certain event or reason is known as.

Question # 15

The credit balance of retiring partner capital account if not paid in cash should be tranferred to.

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