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

  • Medium English
  • Available questions21
  • Chapter Name6
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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

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

Question # 2

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

Question # 3

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

Question # 4

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

Question # 5

The profit on the revaluation of the assets and liabilities o the retirement of the partner should be credited to.

Question # 6

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

Question # 7

Amount of to the out going partner is shown in the balance sheet as his.

Question # 8

The gaining ratio are calculated on.

Question # 9

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

Question # 10

Amount due to the deceased partner is generally transferred to

Question # 11

Profit and loss on revalution at the time of retirement must be transerred to the partners in.

Question # 12

Gaining ratios are equal to.

Question # 13

If the good will raised at the time of retirement of a partner is to be written off, then the capital accounts of the remaiing partners are debited in.

Question # 14

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

Question # 15

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

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