[CUET] Mock Test of Fundamentals of Partnership (Profit & Loss Appriopriation A/c) (Part – 2)

[CUET] Mock Test of Fundamentals of Partnership (Profit & Loss Appriopriation A/c) (Part – 2)

0%

You have 10 minutes to complete the Test. After completion, you would get your final result immediately.

Your time is up.

Mock Test of Fundamentals of Partnership (Profit and Loss Appropriations A/c) (Part - 2)

1 / 11

What is the opening item on the credit side of the Profit and Loss Appropriation Account?

2 / 11

What is the nature of the Profit and Loss Appropriation Account?

3 / 11

When there is a net loss in the Profit and Loss Account, the Profit and Loss Appropriation Account will show:

4 / 11

Interest on capital is shown on which side of the Profit and Loss Appropriation Account?

5 / 11

Partner’s salary and commission are:

6 / 11

The Profit and Loss Appropriation Account is prepared to show:

7 / 11

Transfer to General Reserve is shown on which side of the Profit and Loss Appropriation Account?

8 / 11

The Profit and Loss Appropriation Account is prepared by:

9 / 11

Interest on drawings is shown on which side of the Profit and Loss Appropriation Account?

10 / 11

Transfer to General Reserve is shown on which side of the Profit and Loss Appropriation Account?

11 / 11

If the partnership deed is silent about the distribution of profits, they are shared:

Your score is

The average score is 0%

0%

Leave a Reply