class 12 partnership
Quiz
•
Other
•
12th Grade
•
Medium

Hament Kharbanda
Used 226+ times
FREE Resource
20 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Number of partners in a partnership firm may be :
Maximum Two
Maximum Ten
Maximum One Hundred
Maximum Fifty
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
In the absence of Partnership Deed, the interest is allowed on partner’s capital:
@ 5% p.a.
@ 6% p.a.
@ 12% p.a.
No interest is allowed
3.
MULTIPLE SELECT QUESTION
30 sec • 1 pt
In the absence of agreement, partners are not entitled to :
Salary
Commission
Equal share in profit
Both (a) and (b)
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which one of the following items cannot be recorded in the profit and loss appropriation account?
Interest on capital
Interest on drawings
Rent paid to partners
Partner’s salary
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which one of the following items cannot be recorded in the profit and loss appropriation account?
Interest on capital
Interest on drawings
Rent paid to partners
Partner’s salary
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Partnership is the relation which subsists between persons who have agreed to combine their property,
labour or skill in some business and to share the profits there from between them.
True
False
Partly true
None of the above
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A ...........partner is one whose association with the firm is unknown to the general public.
Active
Sleeping
Secret
Nominal
Create a free account and access millions of resources
Create resources
Host any resource
Get auto-graded reports

Continue with Google

Continue with Email

Continue with Classlink

Continue with Clever
or continue with

Microsoft
%20(1).png)
Apple

Others
By signing up, you agree to our Terms of Service & Privacy Policy
Already have an account?
Similar Resources on Wayground
15 questions
Computer System Servicing: Occupational Health and Safety
Quiz
•
10th Grade - University
15 questions
Chayamana Quiz Competition
Quiz
•
1st Grade - University
20 questions
III- Summative 1
Quiz
•
12th Grade - University
20 questions
Super Green (2021/2022)
Quiz
•
7th Grade - University
18 questions
Debt Vocabulary
Quiz
•
10th - 12th Grade
16 questions
Super easy quiz
Quiz
•
1st Grade - Professio...
15 questions
The Ultimate Avengers Quiz!
Quiz
•
10th - 12th Grade
15 questions
Memory Revision - EWT & Cognitive interview
Quiz
•
12th Grade
Popular Resources on Wayground
20 questions
Brand Labels
Quiz
•
5th - 12th Grade
11 questions
NEASC Extended Advisory
Lesson
•
9th - 12th Grade
10 questions
Ice Breaker Trivia: Food from Around the World
Quiz
•
3rd - 12th Grade
10 questions
Boomer ⚡ Zoomer - Holiday Movies
Quiz
•
KG - University
25 questions
Multiplication Facts
Quiz
•
5th Grade
22 questions
Adding Integers
Quiz
•
6th Grade
10 questions
Multiplication and Division Unknowns
Quiz
•
3rd Grade
20 questions
Multiplying and Dividing Integers
Quiz
•
7th Grade
Discover more resources for Other
20 questions
Brand Labels
Quiz
•
5th - 12th Grade
11 questions
NEASC Extended Advisory
Lesson
•
9th - 12th Grade
10 questions
Ice Breaker Trivia: Food from Around the World
Quiz
•
3rd - 12th Grade
10 questions
Boomer ⚡ Zoomer - Holiday Movies
Quiz
•
KG - University
17 questions
Afro Latinos: Una Historia Breve Examen
Quiz
•
9th - 12th Grade
17 questions
Hispanic Heritage Month Trivia
Quiz
•
9th - 12th Grade
28 questions
Ser vs estar
Quiz
•
9th - 12th Grade
15 questions
PRESENTE CONTINUO
Quiz
•
9th - 12th Grade