12th class Principle of Accounting chapter 7 online mcq test with answers for ICom part 2 Principle of Accounting Chapter 7 (Partnership Accounts-Admission of a Partner)

Principles of Accounting Icom Part 2 English Medium Chapter 7 Online Test

Sr. #	Questions	Answers Choice
1	On the dissolution of the partnership unrecorded assets if takes away by the partners is debited to.	Realization account Partners capital account Assets account None of these
2	If all the partners but one is solvent it is.	Compulsory dissolution of firm Dissolution by agreement Or may not cause dissolution None of these
3	In the absence of any agreement Reserve on dissolution of a partnership firm is credited to the partners.	In capital ratio In profit sharing ratio Equality None of these
4	The partnership may come to an end due to the	Death of a partner Involvency of a partner Both of the above None of these
5	Reliization account is opened to find out gain or loss at the time of.	Admisson of a new partner Retirement of the partner Death of the partners None of these
6	Where a partner become unsound mind the dissolution is considered as.	Dissolution by court Dissolution by Notice Dissolution by agreement Compulsory dissolution
7	When a firm dissolved with the consent of all the partners it is called.	Dissolution by notice Dissolution by agreement Dissolution by court Compulsory dissolution
8	The end or termination of partnership is called.	Amalgamation Dissolution Retirement Admission