Fundamentals of Partnership MCQs – (Theory-Based)

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Fundamental of Partnership (Theory Based MCQs)

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1) Om & Bipul were partner’s without any deed where Publisher invested the total capital and Om had the
complete hold on the business as Bipul was the sleeping partner, but as Bipul invested complete capital
demanded to share the profits in the Ratio of 5 : 1 and Om object’s to this.

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2) Which of the following items will not be shown in the Profit & Loss Appropriation account?

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3) If the partnership deed is silent interest on drawings will be charged @

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4) What is not the essential feature of the partnership firm?

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5) Which of the following items will be shown in Partner’s Capital A/c under Fixed Capital method?

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6) Which of the following is not incorporated in the Partnership Act?

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7) If the guarantee is given to the partner by some partners, deficiency on such will be borne by

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8) Rent to a partner is shown in:

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9) If the Partners are maintaining the capital account on Fixed basis, partner’s capital account will have:

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10) Which is not the clause of the Partnership Deed?

Your score is

The average score is 52%


Hello Students!  We are providing here the Fundamentals of Partnership MCQs.

From the Annual Examination 2021-22, class XII students will find more number of objective type questions in their Accountancy question paper.

To prepare for the one mark questions, students need to know all the important concepts which can be tested in the exam.

CBSE MCQs on Class XII Accountancy Fundamentals of Partnership MCQs provided by One Mark Solution will help students get acquainted with such important concepts and topics.

So that they may easily attempt the related Multiple Choice Type Questions asked in CBSE XII Accountancy Exam 2021-22.

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Fundamentals of Partnership MCQS
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