[CUET] Mock Test of Fundamentals of Partnership (Appropriation of Profit) with Result (Free)

[CUET] Mock Test of Fundamentals of Partnership (Appropriation of Profit) with Result (Free) for class 12

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MCQs of Fundamentals of Partnership (Appropriation of Profit)

1 / 10

Profit and Loss Appropriation Account is a part of:

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Appropriation of profit is made:

3 / 10

Which of the following is not an appropriation of profit?

4 / 10

Which of the following is deducted before arriving at net profit?

5 / 10

If a firm incurs a loss, then partners are still entitled to receive:

6 / 10

When interest on partners’ loan is due but not paid, it is shown in the Balance Sheet as:

7 / 10

Interest on capital is considered as:

8 / 10

In a partnership firm, interest on a partner’s loan is treated as:

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In the absence of an agreement, the rate of interest on a partner’s loan is:

10 / 10

Profit and Loss Appropriation Account is prepared to show:

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