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| MCQ Questions for Class 12 Accountancy Chapter 2 With Answers PDF |
MCQ Questions for Class 12 Accountancy Chapter 2 With Answers PDF: Multiple Choice Questions (MCQs) are a popular method of testing a student's understanding of a particular subject. They are widely used in school and college exams as they are a quick and efficient way to assess a student's knowledge.
An MCQ Questions for Class 12 Accountancy Chapter 2 consists of a question or statement, followed by several answer options, of which the student must choose the correct one. The answer options are usually presented as a list of possible choices, such as A, B, C or D.
MCQ Questions for Class 12 Accountancy Chapter 2 With Answers PDF
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What is a partnership? a) An association of two or more individuals carrying on a business for profit. b) An association of three or more individuals carrying on a business for profit. c) An association of four or more individuals carrying on a business for profit. d) An association of two individuals carrying on a business for non-profit. Answer: a
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Who is responsible for the debts of a partnership firm? a) Only partners b) Only the firm c) Both partners and the firm d) None of the above Answer: c
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What is the capital account of a partner? a) The amount invested by the partner in the firm. b) The amount owed by the firm to the partner. c) The profit earned by the partner from the firm. d) None of the above Answer: a
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What is the profit and loss sharing ratio among partners? a) The ratio in which partners share their profits. b) The ratio in which partners share their losses. c) The ratio in which partners share both profits and losses. d) None of the above Answer: c
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What is meant by dissolution of a partnership firm? a) Termination of a partnership firm. b) Change in the profit and loss sharing ratio among partners. c) Change in the number of partners. d) None of the above Answer: a
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What is meant by admission of a new partner? a) A new partner joining the firm. b) A partner leaving the firm. c) A change in the profit and loss sharing ratio among partners. d) None of the above Answer: a
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What is meant by retirement of a partner? a) A partner joining the firm. b) A partner leaving the firm. c) A change in the profit and loss sharing ratio among partners. d) None of the above Answer: b
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What is meant by death of a partner? a) A partner joining the firm. b) A partner leaving the firm due to death. c) A change in the profit and loss sharing ratio among partners. d) None of the above Answer: b
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What is the main purpose of preparing the capital account of a partner? a) To find the amount of profit earned by the partner. b) To find the amount of profit and loss shared by the partner. c) To find the amount of capital invested by the partner in the firm. d) To find the amount of capital withdrawn by the partner from the firm. Answer: c
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What is meant by a revaluation of assets and liabilities in a partnership firm? a) Increasing the value of assets and decreasing the value of liabilities. b) Decreasing the value of assets and increasing the value of liabilities. c) Increasing the value of assets and increasing the value of liabilities. d) Decreasing the value of assets and decreasing the value of liabilities. Answer: a
Benefits of MCQ Questions for Class 12 Accountancy Chapter 2
One of the benefits of using MCQ Questions for Class 12 Accountancy Chapter 2 is that they are easy to grade. The correct answer is already provided, so the teacher or exam proctor simply needs to check that the student has chosen the correct option. This makes MCQ Questions for Class 12 Accountancy Chapter 2 more efficient than open-ended questions, which require more time and effort to grade.
Another benefit of MCQ Questions for Class 12 Accountancy Chapter 2 is that they can test a wide range of knowledge, including factual information, concepts, and problem-solving skills. They can also be used to test a student's ability to apply knowledge to new situations, rather than just recall information.
Conclusion of MCQ Questions for Class 12 Accountancy Chapter 2 With Answers PDF
In conclusion, MCQ Questions for Class 12 Accountancy Chapter 2 are a popular method of testing a student's understanding of a particular subject. They are widely used in school and college exams as they are a quick and efficient way to assess a student's knowledge. But to minimize the drawbacks, it is important to write good MCQs and use a variety of question types. They can test a wide range of knowledge, including factual information, concepts, and problem-solving skills, but they should not be the only method of assessment, it's important to use different types of questions to evaluate a student's understanding of a subject.
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