12th Accountancy Chapter 3 Online Test | Accounts of Partnership Firms-Fundamentals

12th Accountancy Chapter 3 Online Test | Accounts of Partnership Firms-Fundamentals

12th Accountancy All Chapter Online Test Both Tamil medium and English Medium Available our samacheer guide online website .

Chapter 2 Accounts of Partnership Firms-Fundamentals Online Test



1➤ In the absence of a partnership deed, profits of the firm will be shared by the partners in …………….

2➤ In the absence of an agreement among the partners, interest on capital is …………….

3➤ As per the Indian Partnership Act, 1932, the rate of interest allowed on loans advanced by partners is …………….

4➤ Which of the following is shown in Profit and loss appropriation account?

5➤ When fixed capital method is adopted by a partnership firm, which of the following items will appear in capital account?

6➤ When a partner withdraws regularly a fixed sum of money at the middle of every month, period for which interest is to be calculated on the drawings on an average is …………….

7➤ Which of the following is the incorrect pair?

8➤ In the absence of an agreement, partners are entitled to …………….

9➤ Pick the odd one out …………….

10➤ Profit after interest on drawings, interest on capital and remuneration is ₹ 10,500. Geetha, a partner, is entitled to receive commission @ 5% on profits after charging such commission. Find out commission. …………….

11➤ Which of the following is the incorrect pair?

12➤ Which of the following is shown in Profit and loss appropriation account?

13➤ As per the Indian Partnership Act, 1932, the rate of interest allowed on loans advanced by partners is …………….

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