(A) UK
(B) Canada
(C) Germany
(D) All the three
Category: Accounting Mcqs
Users will find here Accounting Mcqs for NTS, CSS, PMS, PPSC, FPSC, KPPSC, AJKPSC, BPSC, PTS, SPSC, Lecturer Commerce and all other types of Commerce related, Competitive Exams and Interviews. Commerce students can prepare their Accounting Portion for all test from here.
Professional bodies of which of the following countries is not a founding member of IASC __.
(A) Australia
(B) India
(C) Japan
(D) USA
Profit or loss on joint venture business is shared by the co-venturers __.
(A) Equally
(B) In the ratio of capital contributed
(C) In the agreed upon ratio
(D) A per seniority
Which of these accounts are not opened in a joint venture?
(A) Stock reserve
(B) Joint bank A/c
(C) Joint venture A/c
(D) Co-venturers personal A/c
Which of these is not a feature of a Joint venture?
(A) Continuing business
(B) No firm name
(C) Partners called co-venturer
(D) Partnership for limited purpose
Joint Venture with__(another co-venturer) A/c is a.
(A) Personal A/c
(B) Nominal A/c
(C) Real A/c
(D) Memorandum A/c
Joint Venture is a __.
(A) Personal A/c
(B) Nominal A/c
(C) Real A/c
(D) Memorandum A/c
Joint Bank A/c is a __.
(A) Nominal A/c
(B) Personal A/c
(C) Real A/c
(D) Dummy A/c