Respected members, 12th class Principles of Accounting MCQS Available Here. In this pages your can get 12th class Principles of Accounting with Answers. You can read and practice, 12th class Principles of Accounting MCQS on Different Topic, We make Online question bank with the help of experienced teachers and subject specialists.
FG Study / Quiz is also very useful website for online Quiz and Test sessions. Where FG STUDY Team Design and Develop large Database and Content Management System for the quizzes. We provide wide scale online quiz System for various educational and professional examination. If you are interested please visit our site FG Study Quiz
Remember That The FG STUDY Team Always provide unique and useful content for students. If you have any question or problem do not hesitate to contact us, we will be happy to reply, Thanks
Shareholders are,
Managers
Directors
Employees
Owners
The company which can be formed by at least two members,
Public company
Sole proprietorship
All of the above
Private company
According to companies ordinance, single entry system cannot be adopted by,
Partnership
Joint stock companies
Sole proprietorship
a and “b”
A receipts and payments account is similar to
A profit or loss account
A cash or a bank account
A statement of affair
An income and expenditure
Where a partner to entitled to interest on capital subscribed by him, such interest will be payable
None of these
Only out of capitals
Only out of profits
Out of profits or out of capitals
Joint stick company is formed under
Companies ordinance 1984
Partnership act 1932
Common carrier act 1865
Finance society act 1913
The balance left in the capital accounts in case of dissolution is transferred to:
Profit & loss appropriation A/c
Bank account
Realization account
Revaluation account
In Partnership, in case of banking business, the partners must not exceed,
5
15
10
20
In case of retirement of partner, full goodwill is credited to the accounts of
None of these
Retiring partner
Remaining partners
All the partner
We cannot prepare the trial balance and precise balance sheet under,
We and our third party partners use cookies on our site to offer you a better browsing experience. AcceptReject
Privacy & Cookies Policy
Privacy Overview
This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.
Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.