MCQ Guarantee of Profits – Partnership accounts This MCQ Test on the guarantee of profits has 20 practice questions. Test your knowledge about the partnership accounts – Fundamentals , concepts of guarantee of profits, meaning of guarantor and guaranteed partners, journal entries for guarantee etc. The quiz suits well for conceptual clarity for your board […]
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Meaning of Loan When you need money and you borrow it from someone then it is called loan. You can borrow money from anyone like your friend or your relatives or from a bank or anyone else. When you borrow money then you have to repay it back after certain time. You also need to
Profit and Loss appropriation account MCQ Quiz This quiz on the Profit and loss appropriation A/c with 20 practice questions. Test your knowledge about the concepts of profit and loss appropriation A/c with this MCQ practice test. This quiz contains questions 1-20 covering what is profit and loss appropriation account, what are the journal entries
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MCQ Charge vs appropriation – Partnership accounts This quiz on the charge against profits vs appropriation of profits with 15 practice questions. Test your knowledge about the meaning of charge vs appropriation with this MCQ practice test. This quiz contains questions 1-15 covering what is charge in partnership accounts, how it is different from the
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MCQ Quiz – Practice Questions MCQ Quiz Question 1 If a partner takes a loan from the firm for personal use, what is this treated as? Partner's Capital Loan by partner to firm Loan by firm to partner Partner's Drawings C Correct Answer: Loan by firm to partner When a partner borrows money from the
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CBSE board pattern is changing and the weightage for multiple choice questions and competency based questions is increasing every year. Below students can practice accounts MCQ class 12 from the topic MCQ Partnership Fundamentals as per the latest board patterns. With the change in CBSE board pattern other boards are also changing their patterns in
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Partnership Fundamentals Class 12 MCQ The CBSE board examinations pattern is changing, with a growing emphasis on Multiple Choice Questions (MCQs) and Competency Based Questions (CBQs). To stay ahead, it’s crucial to adapt your study approach, shifting focus from traditional long-answer numerical questions to questions as per new pattern. MCQ of Partnership Fundamentals class 12
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