12th Class ICom Part 2 Principles of Accounting Chapter Wise Online MCQ Test with answers PDF English Medium

Principles of Accounting Icom Part 2 English Medium Online Test

Sr. #	Questions	Answers Choice
1	The persons who have entered two partnership are individually called.	Agents Partners A firm Vendor
2	Liability of the partners in partnership is.	Limited Unlimited Limited up to the extent of their capitals Depend on the will of the partners
3	Partnership is formed under the act of.	1984 1932 1912 1962
4	Maximum numebr of the partners in an ordinary Partinership.	Ten partners Twentry partners Thirty partners Fourth partners
5	Registraion of the firm.	It is legally necessary It is optional It depends on the will of the partners It depends uopon the will of theemployee
6	Partnership is formed by the partners.	Written agreement Mutual consent Verbal agreement None of these
7	In consignmetn all the expenses either paid by the consiger himself or by the consignee are born by the.	Consignor purchaser Consignee None of these
8	The parties involves in the consignment are.	Two Three Four Five
9	In consginee's books the payment of expense by consignee should be debited to	Consignment account Consignnors account Cash account None of these
10	In the books of consignor on reciving advance in cash from consignee should be debited to.	Cash account Consignee account Consignment account None of these
11	The consignee acts entirely on behalf of the	Debtors Creditors Customer Principal or consignor
12	The consignment outward books or journal is maintained by.	Customers Consignor Consignee Debtors
13	Abnormal loss arises due to.	Natural causes Evaporation drying breaking in bulk Pilferage , theft fire etc. Some unavoidable causes
14	Consignee account is of the natur eof.	Personal account Nominal account Real account None of these
15	In consignee's books, the acceptance of a bil of echange by consignee will be debited to.	Trading account Bill payable accont Consignor account Consignment account

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