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MCQ Questions for Class 12 Accountancy Chapter 4 With Answers PDF |
MCQ Questions for Class 12 Accountancy Chapter 4 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 4 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 4 With Answers PDF
- What happens to the partnership firm when a partner retires? a) The firm is dissolved b) The firm continues to operate with the remaining partners c) A new partner is brought in to replace the retiring partner d) The firm's operations are temporarily suspended
Answer: b
- In the event of a partner's death, who has the right to carry on the business of the firm? a) The surviving partners b) The deceased partner's legal heirs c) The government d) The creditors of the firm
Answer: a
- What happens to the deceased partner's share in the partnership firm? a) It is transferred to the surviving partners b) It is transferred to the deceased partner's legal heirs c) It is sold to an outsider d) It is liquidated
Answer: b
- Can the surviving partners continue to carry on the business of the partnership firm after the death of a partner? a) Yes, if all the partners agree b) No, the firm must be dissolved c) Yes, with the consent of the deceased partner's legal heirs d) No, unless a new partner is brought in
Answer: a
- What is the effect of a partner's retirement on the partnership agreement? a) The partnership agreement is automatically dissolved b) The partnership agreement is amended c) The partnership agreement remains unchanged d) The partnership agreement is temporarily suspended
Answer: b
- Can a retiring partner be readmitted as a partner in the firm in the future? a) Yes, if all the partners agree b) No, once a partner retires they cannot be readmitted c) Yes, but only after a specified period of time d) No, unless the partnership agreement allows for it
Answer: d
- In the event of a partner's death, is it necessary to dissolve the partnership firm? a) Yes, always b) No, not if the surviving partners agree to continue the business c) Yes, if the deceased partner's legal heirs do not agree to continue the business d) No, unless specified in the partnership agreement
Answer: b
- Who has the right to appoint a new partner in the event of a partner's retirement or death? a) The surviving partners b) The deceased partner's legal heirs c) The retiring partner d) The creditors of the firm
Answer: a
- What is the effect of the appointment of a new partner on the existing partners? a) Their rights and liabilities are increased b) Their rights and liabilities remain unchanged c) Their rights and liabilities are reduced d) Their rights and liabilities are transferred to the new partner
Answer: a
- Can a retiring partner demand the dissolution of the partnership firm? a) Yes, if specified in the partnership agreement b) No, a retiring partner cannot demand dissolution c) Yes, if all the partners agree d) No, but the retiring partner can demand the sale of their share in the firm
Answer: a
Benefits of MCQ Questions for Class 12 Accountancy Chapter 4
One of the benefits of using MCQ Questions for Class 12 Accountancy Chapter 4 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 4 more efficient than open-ended questions, which require more time and effort to grade.
Another benefit of MCQ Questions for Class 12 Accountancy Chapter 4 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 4 With Answers PDF
In conclusion, MCQ Questions for Class 12 Accountancy Chapter 4 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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