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12th Principles of Accounting Chapter 8 Test

Here you can prepare 12th Class Principles of Accounting Chapter 8 Partnership Accounts-Retirement and Death Test. Click the button for 100% free full practice test.

12th class Principle of Accounting chapter 8 online mcq test with answers for ICom part 2 Principle of Accounting Chapter 8 (Partnership Accounts-Retirement and Death)

This online test contains MCQs about following topics:

. Retirement of a Partner . Accounting Problems of Retirement . Change in Profits Sharing ratio on Retirement . Distinction between Gaining and Sacrificing ratio . Death of a Partner . Calculation od Deceased's Share of Profit . Joint Life Policy and its Accounting Treatment

ICOM Part 2 Accounting Ch 8 Test
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12th class Principle of Accounting chapter 8 online mcq test with answers for ICom part 2 Principle of Accounting Chapter 8 (Partnership Accounts-Retirement and Death)

Sr. # Questions Answers Choice
1 The total amount recived by the company out of the totla called up amount is known as the.
  • A. Called up capital
  • B. Paid up capital
  • C. Issued capital
  • D. Reserve capital
2 Registered company is
  • A. 2
  • B. 3
  • C. 4
  • D. 5
3 Kind of company is.
  • A. 2
  • B. 3
  • C. 4
  • D. 5
4 Joint stock company is an Artificaial person created by
  • A. Law
  • B. Federal Govt
  • C. Registrar
  • D. Employees
5 A person who purchases the share of the company becomes its.
  • A. Share holder
  • B. Debenture holder
  • C. Under writer
  • D. Promoter
6 A situation where a company receives a application for a large number of shares than offered to the public for subscription is termed as.
  • A. Under subscription
  • B. Over subscription
  • C. General subscription
  • D. Above subscription
7 A company comes into existence when the registrar issue the
  • A. Prospectus
  • B. Certificate of incorporation
  • C. statement in Lieu of prospectus
  • D. Companies ordinance
8 The sum total of the nominal vaue of shares of company is called is.
  • A. Issued capital
  • B. Subscribed capital
  • C. Share capital
  • D. Called up capital
9 The owner wquity in a company is commonly called.
  • A. Shareholder equity
  • B. promotors equity
  • C. Directors equity
  • D. None of these
10 Interest on dividend is paid.
  • A. At the end of financial period
  • B. During the fiancancial year
  • C. At the time of incorporation
  • D. At the time of winding of company

Top Scorers of Principles of Accounting Icom Part 2 English Medium Chapter 8 Online Test

M

Memon Kamran

Lahore14 - Jun - 2024

10/15
01 Mins 54 Sec
R

Raja Musa Sohail

Lahore08 - May - 2024

8/15
03 Mins 04 Sec

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