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| MCQ Questions for Class 12 Accountancy Chapter 5 With Answers PDF |
MCQ Questions for Class 12 Accountancy Chapter 5 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 5 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 5 With Answers PDF
- What is dissolution in the context of a partnership firm? a) The creation of a new partnership b) The termination of a partnership c) The expansion of a partnership d) The transfer of ownership of a partnership
Answer: b
- What are the main causes of dissolution of a partnership firm? a) Retirement or death of a partner b) Insolvency of a partner c) Willful breach of the partnership agreement by a partner d) All of the above
Answer: d
- In the event of dissolution, what happens to the partnership assets? a) They are liquidated and the proceeds are divided among the partners b) They are sold to an outsider c) They are transferred to the creditors of the firm d) They are distributed among the partners according to their profit-sharing ratio
Answer: a
- Is it necessary to dissolve a partnership firm in the event of the retirement or death of a partner? a) Yes, always b) No, not if the remaining partners agree to continue the business c) Yes, if the legal heirs of the deceased partner do not agree to continue the business d) No, unless specified in the partnership agreement
Answer: b
- Can a partnership firm be dissolved without the consent of all the partners? a) Yes, if specified in the partnership agreement b) No, a partnership firm can only be dissolved with the consent of all the partners c) Yes, if ordered by a court of law d) No, unless the insolvency of a partner is involved
Answer: a
- Who has the right to demand dissolution of a partnership firm? a) Any partner b) All the partners c) Only the senior partner d) Only the majority partner
Answer: a
- Can a partnership firm be dissolved voluntarily by the partners? a) Yes, by mutual agreement b) No, a partnership firm cannot be dissolved voluntarily c) Yes, but only after a specified period of time d) No, unless ordered by a court of law
Answer: a
- In the event of dissolution, what happens to the liabilities of the partnership firm? a) They are transferred to the partners b) They are discharged c) They are transferred to the creditors of the firm d) They are transferred to the government
Answer: a
- What is the effect of dissolution on the partnership agreement? a) It is automatically terminated b) It continues in force for a specified period of time c) It remains in force until the liabilities of the firm are fully discharged d) It is temporarily suspended
Answer: a
- Can the partners carry on a similar business after the dissolution of a partnership firm? a) Yes, with the consent of all the partners b) No, the partners cannot carry on a similar business after dissolution c) Yes, but only after a specified period of time d) No, unless specified in the partnership agreement
Answer: a
Benefits of MCQ Questions for Class 12 Accountancy Chapter 5
One of the benefits of using MCQ Questions for Class 12 Accountancy Chapter 5 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 5 more efficient than open-ended questions, which require more time and effort to grade.
Another benefit of MCQ Questions for Class 12 Accountancy Chapter 5 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 5 With Answers PDF
In conclusion, MCQ Questions for Class 12 Accountancy Chapter 5 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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