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Class 12 Accountancy - Chapter 2: Accounting for Partnership : Basic Concepts MCQ Questions

23 Questions 46 Minutes
Answered: 0 / 23Unanswered: 23

Your Class 12 Accountancy Study Path

  1. 1LearnNCERT Solutions
  2. 2PracticeChapter MCQs
  3. 3TestChapter Test
  4. 4PrepareSample Papers
  5. 5Exam PracticePrevious-Year Papers
  6. 6Final CheckMock Test
Question 1

Salary to partners will be shown in _________

Question 2

Partners Current Account have _________

Question 3

Partnership deed may be _______

Question 4

Minimum number of partners in a partnership are ________

Question 5

Maximum number of partners in a banking partnership are _________

Question 6

Current accounts are opened if capital is __________

Question 7

When question is silent about the date of withdrawal of drawing then Interest will becalculated for ________

Question 8

If partnership deed mention that interest will be given 6% p.a. interest will be given _________

Question 9

Interest on capital will be shown in ________

Question 10

Maximum number of partners in a partnership firm can be ________

Question 11

In a partnership, liability of all partners is _________

Question 12

If no agreement is made by partners then interest on loan will be given @ _________

Question 13

Maximum number of partners in a normal partnership are ________

Question 14

In the absence of any provision interest on capital will be calculated for _________

Question 15

Profit will be divided in ________ in the absence of partnership deed.

Question 16

Liability of a partner in LLP is ________

Question 17

Provisions of Table _______ are applicable in the absence of partnership deed.

Question 18

Question 65.

Question 19

In the absence of partnership deed how much interest will be given on capital?

Question 20

Drawings of partners will be shown in ________

Question 21

In the absence of partnership deed partners are entitled to receive __________

Question 22

Balance of capital (fix) accounts may be _________

Question 23

When there is no partnership deed then provisions of partnership act ________ willbe applicable.

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