{"id":18350,"date":"2022-05-30T03:30:21","date_gmt":"2022-05-29T22:00:21","guid":{"rendered":"https:\/\/mcq-questions.com\/?p=18350"},"modified":"2022-05-19T12:07:17","modified_gmt":"2022-05-19T06:37:17","slug":"mcq-questions-for-class-12-accountancy-chapter-2","status":"publish","type":"post","link":"https:\/\/mcq-questions.com\/mcq-questions-for-class-12-accountancy-chapter-2\/","title":{"rendered":"MCQ Questions for Class 12 Accountancy Chapter 2 Accounting for Partnership: Basic Concepts with Answers"},"content":{"rendered":"

Students who are searching for NCERT MCQ Questions for Chapter 2 Accounting for Partnership: Basic Concepts with Answers Pdf free download are compiled here to get good practice on all fundamentals. Know your preparation level on MCQ Questions for Class 12 Accountancy with Answers<\/a>. You can also verify your answers from our provided Accounting for Partnership: Basic Concepts Class 12 MCQs Questions with Answers. So, ace up your preparation with MCQ on Accounting for Partnership: Basic Concepts Class 12 Objective Questions.<\/p>\n

Accounting for Partnership: Basic Concepts Class 12 MCQs Questions with Answers<\/h2>\n

I. State which of the following is correct:<\/span><\/p>\n

Question 1.
\nPartnership deed may be _______
\n(a) oral
\n(b) written
\n(c) duplicate
\n(d) either written or oral<\/p>\n

\nAnswer<\/span><\/summary>\n

Answer: (d) either written or oral<\/p>\n<\/details>\n

\n

Question 2.
\nIf no agreement is made by partners then interest on loan will be given @ _________
\n(a) 5% p.a.
\n(b) 6% p.a.
\n(c) no interest
\n(d) 7% p.a<\/p>\n

\nAnswer<\/span><\/summary>\n

Answer: (b) 6% p.a.<\/p>\n<\/details>\n

\n

Question 3.
\nProfit will be divided in ________ in the absence of partnership deed.
\n(a) 1 : 1
\n(b) 2 : 1
\n(c) 1 : 2
\n(d) equal ratio<\/p>\n

\nAnswer<\/span><\/summary>\n

Answer: (d) equal ratio<\/p>\n<\/details>\n

\n

Question 4.
\nIn a partnership, liability of all partners is _________
\n(a) unlimited
\n(b) limited
\n(c) according to capital
\n(d) decided by company act<\/p>\n

\nAnswer<\/span><\/summary>\n

Answer: (a) unlimited<\/p>\n<\/details>\n

\n

Question 5.
\nMaximum number of partners in a partnership firm can be ________
\n(a) 50
\n(b) 20
\n(c) 100
\n(d) no limit<\/p>\n

\nAnswer<\/span><\/summary>\n

Answer: (d) no limit<\/p>\n<\/details>\n

\n

Question 6.
\nWhen there is no partnership deed then provisions of partnership act ________ willbe applicable.
\n(a) 1956
\n(b) 1912
\n(c) 1932
\n(d) 1949<\/p>\n

\nAnswer<\/span><\/summary>\n

Answer: (c) 1932<\/p>\n<\/details>\n

\n

Question 7.
\nLiability of a partner in LLP is ________
\n(a) limited
\n(b) unlimited
\n(c) not defined in the law
\n(d) limited to the capital only<\/p>\n

\nAnswer<\/span><\/summary>\n

Answer: (a) limited<\/p>\n<\/details>\n

\n

Question 8.
\nProvisions of Table _______ are applicable in the absence of partnership deed.
\n(a) A
\n(b) B
\n(c) C
\n(d) D<\/p>\n

\nAnswer<\/span><\/summary>\n

Answer: (a) A<\/p>\n<\/details>\n

\n

Question 9.
\nIn the absence of any provision interest on capital will be calculated for _________
\n(a) 6 months
\n(b) 1 year
\n(c) 1 month
\n(d) no interest<\/p>\n

\nAnswer<\/span><\/summary>\n

Answer: (d) no interest<\/p>\n<\/details>\n

\n

Question 10.
\nMinimum number of partners in a partnership are ________
\n(a) 5
\n(b) 7
\n(c) 2
\n(d) 10<\/p>\n

\nAnswer<\/span><\/summary>\n

Answer: (c) 2<\/p>\n<\/details>\n

\n

Question 11.
\nMaximum number of partners in a normal partnership are ________
\n(a) 5
\n(b) 7
\n(c) 2
\n(d) 20<\/p>\n

\nAnswer<\/span><\/summary>\n

Answer: (d) 20<\/p>\n<\/details>\n

\n

Question 12.
\nMaximum number of partners in a banking partnership are _________
\n(a) 5
\n(b) 7
\n(c) 2
\n(d) 10<\/p>\n

\nAnswer<\/span><\/summary>\n

Answer: (d) 10<\/p>\n<\/details>\n

\n

Question 13.
\nCurrent accounts are opened if capital is __________
\n(a) fixed
\n(b) fluctuating
\n(c) not contributed
\n(d) fixed or fluctuating<\/p>\n

\nAnswer<\/span><\/summary>\n

Answer: (a) fixed<\/p>\n<\/details>\n

\n

Question 14.
\nBalance of capital (fix) accounts may be _________
\n(a) Dr.
\n(b) Cr.
\n(c) Dr. or Cr.
\n(d) Cr. and Dr.<\/p>\n

\nAnswer<\/span><\/summary>\n

Answer: (b) Cr.<\/p>\n<\/details>\n

\n

Question 15.
\nSalary to partners will be shown in _________
\n(a) Profit and loss account
\n(b) Profit and loss adjustment account
\n(c) Trading account
\n(d) Manufacturing account<\/p>\n

\nAnswer<\/span><\/summary>\n

Answer: (b) Profit and loss adjustment account<\/p>\n<\/details>\n

\n

Question 16.
\nInterest on capital will be shown in ________
\n(a) Capital account
\n(b) Profit and loss adjustment account
\n(c) Trading account
\n(d) Both of capital account and profit and loss adjustment account<\/p>\n

\nAnswer<\/span><\/summary>\n

Answer: (d) Both of capital account and profit and loss adjustment account<\/p>\n<\/details>\n

\n

Question 17.
\nDrawings of partners will be shown in ________
\n(a) Capital account
\n(b) Profit and loss adjustment account
\n(c) Profit and loss account
\n(d) Trading account<\/p>\n

\nAnswer<\/span><\/summary>\n

Answer: (a) Capital account<\/p>\n<\/details>\n

\n

Question 18.
\nIn the absence of partnership deed partners are entitled to receive __________
\n(a) Interest on Capital
\n(b) Interest on Loan
\n(c) Salary
\n(d) Commission<\/p>\n

\nAnswer<\/span><\/summary>\n

Answer: (b) Interest on Loan<\/p>\n<\/details>\n

\n

Question 19.
\nWhen question is silent about the date of withdrawal of drawing then Interest will becalculated for ________
\n(a) 6 months
\n(b) 1 month
\n(c) 6\u00bd months
\n(d) 1 year<\/p>\n

\nAnswer<\/span><\/summary>\n

Answer: (a) 6 months<\/p>\n<\/details>\n

\n

Question 20.
\nIf partnership deed mention that interest will be given 6% p.a. interest will be given _________
\n(a) out of profits only
\n(b) definitely
\n(c) out of losses
\n(d) with the permission of all partners<\/p>\n

\nAnswer<\/span><\/summary>\n

Answer: (a) out of profits only<\/p>\n<\/details>\n

\n

Question 21.
\nPartners Current Account have _________
\n(a) debit balance
\n(b) credit balance
\n(c) debit or credit
\n(d) debit and credit<\/p>\n

\nAnswer<\/span><\/summary>\n

Answer: (c) debit or credit<\/p>\n<\/details>\n

\n

Question 22.
\nIn the absence of partnership deed how much interest will be given on capital?
\n(a) 5% p.a.
\n(b) 6% p.a.
\n(c) 7% p.a.
\n(d) No interest<\/p>\n

\nAnswer<\/span><\/summary>\n

Answer: (d) No interest<\/p>\n<\/details>\n

\n

II. Fill in the blanks with correct word.<\/span><\/p>\n

Question 23.
\nIn the absence of deed, ______ salary will be given to partners.<\/p>\n

\nAnswer<\/span><\/summary>\n

Answer: No<\/p>\n<\/details>\n

\n

Question 24.
\nIn the absence of deed, profit will be shared in _______ ratio.<\/p>\n

\nAnswer<\/span><\/summary>\n

Answer: equal<\/p>\n<\/details>\n

\n

Question 25.
\n________ accounts are opened, while capital is fixed.<\/p>\n

\nAnswer<\/span><\/summary>\n

Answer: current<\/p>\n<\/details>\n

\n

Question 26.
\n________ accounts is opened, while capital is fluctuating.<\/p>\n

\nAnswer<\/span><\/summary>\n

Answer: capital<\/p>\n<\/details>\n

\n

Question 27.
\nLiability of partners is ________ in a general partnership firm.<\/p>\n

\nAnswer<\/span><\/summary>\n

Answer: Unlimited<\/p>\n<\/details>\n

\n

Question 28.
\nLiability of partners is ________ in LLP.<\/p>\n

\nAnswer<\/span><\/summary>\n

Answer: limtied<\/p>\n<\/details>\n

\n

Question 29.
\nThe business of the firm can be conducted even by ________ partner.<\/p>\n

\nAnswer<\/span><\/summary>\n

Answer: One<\/p>\n<\/details>\n

\n

Question 30.
\nThere must be atleast two ________ partners in LLP.<\/p>\n

\nAnswer<\/span><\/summary>\n

Answer: designated<\/p>\n<\/details>\n

\n

Question 31.
\nA partnership can be formed only for a _________ business.<\/p>\n

\nAnswer<\/span><\/summary>\n

Answer: legal<\/p>\n<\/details>\n

\n

Question 32.
\nPartners are mutual _______ of each other in a partnership firm\/business.<\/p>\n

\nAnswer<\/span><\/summary>\n

Answer: agents<\/p>\n<\/details>\n

\n

Question 33.
\nMoney advanced to the firm in addition to the capital is called __________<\/p>\n

\nAnswer<\/span><\/summary>\n

Answer: loan<\/p>\n<\/details>\n

\n

Question 34.
\nPartnership is the result of an between _________ two or more person.<\/p>\n

\nAnswer<\/span><\/summary>\n

Answer: Agreement<\/p>\n<\/details>\n

\n

Question 35.
\nGeneral Partnership is governed by Partnership Act ________ where LLP is govern by LLP Act _______<\/p>\n

\nAnswer<\/span><\/summary>\n

Answer: 1932, 2008<\/p>\n<\/details>\n

\n

Question 36.
\nIn order to form partnership there should be atleast _______ persons.<\/p>\n

\nAnswer<\/span><\/summary>\n

Answer: two<\/p>\n<\/details>\n

\n

Question 37.
\nThe business of _________ concern may be carried on by all the partners or any of them acting for all.<\/p>\n

\nAnswer<\/span><\/summary>\n

Answer: partnership<\/p>\n<\/details>\n

\n

Question 38.
\n________ interest is to be charged on the drawings made by the partners, if there is nothing mentioned in the deed.<\/p>\n

\nAnswer<\/span><\/summary>\n

Answer: No<\/p>\n<\/details>\n

\n

Question 39.
\nMaximum number of partners in a partnership firm can be ________<\/p>\n

\nAnswer<\/span><\/summary>\n

Answer: 50<\/p>\n<\/details>\n

\n

Question 40.
\nInterest on partners _________ to the firm shall be paid even if there are losses.<\/p>\n

\nAnswer<\/span><\/summary>\n

Answer: loan<\/p>\n<\/details>\n

\n

III. State whether the following statements are True or False.<\/span><\/p>\n

Question 41.
\nMinimum number of partners in a partnership firms are two.<\/p>\n

\nAnswer<\/span><\/summary>\n

Answer: True<\/p>\n<\/details>\n

\n

Question 42.
\nIn the absence of partnership deed, no interest will be charged on drawings.<\/p>\n

\nAnswer<\/span><\/summary>\n

Answer: True<\/p>\n<\/details>\n

\n

Question 43.
\nIn the absence of partnership deed, profit will be distributed equally between all partners.<\/p>\n

\nAnswer<\/span><\/summary>\n

Answer: True<\/p>\n<\/details>\n

\n

Question 44.
\nIf majority of partners decide to close the LLP business, they can do so by giving notice in writing.<\/p>\n

\nAnswer<\/span><\/summary>\n

Answer: False<\/p>\n<\/details>\n

\n

Question 45.
\nIn the absence of partnership deed, interest @ 6% p.a. will be allowed on partner\u2019s Loan.<\/p>\n

\nAnswer<\/span><\/summary>\n

Answer: True<\/p>\n<\/details>\n

\n

Question 46.
\nIn the absence of partnership deed, interest on capital will be given @ 6% p.a.<\/p>\n

\nAnswer<\/span><\/summary>\n

Answer: False<\/p>\n<\/details>\n

\n

Question 47.
\nIn case of LLP business in partnership, maximum number of partners are limited.<\/p>\n

\nAnswer<\/span><\/summary>\n

Answer: False<\/p>\n<\/details>\n

\n

Question 48.
\nPartnership deed must be in written form.<\/p>\n

\nAnswer<\/span><\/summary>\n

Answer: False<\/p>\n<\/details>\n

\n

Question 49.
\nA minor can never become a partner in a partnership firm.<\/p>\n

\nAnswer<\/span><\/summary>\n

Answer: False<\/p>\n<\/details>\n

\n

Question 50.
\nLiability of partners in general partnership is unlimited.<\/p>\n

\nAnswer<\/span><\/summary>\n

Answer: True<\/p>\n<\/details>\n

\n

Question 51.
\nIf partnership deed is silent then remuneration can be given to partners.<\/p>\n

\nAnswer<\/span><\/summary>\n

Answer: False<\/p>\n<\/details>\n

\n

Question 52.
\nIf any partner remain absent from the business, share of profit will automatically reduce.<\/p>\n

\nAnswer<\/span><\/summary>\n

Answer: False<\/p>\n<\/details>\n

\n

Question 53.
\nIf time of drawings is not given then interest will be calculated for half of the time period.<\/p>\n

\nAnswer<\/span><\/summary>\n

Answer: True<\/p>\n<\/details>\n

\n

Question 54.
\nIn case of fixed capital accounts, balance of capital always fluctuate.<\/p>\n

\nAnswer<\/span><\/summary>\n

Answer: False<\/p>\n<\/details>\n

\n

Question 55.
\nPartners Current Account always have credit balance.<\/p>\n

\nAnswer<\/span><\/summary>\n

Answer: False<\/p>\n<\/details>\n

\n

Question 56.
\nEvery partner is an agent of the firm.<\/p>\n

\nAnswer<\/span><\/summary>\n

Answer: True<\/p>\n<\/details>\n

\n

Question 57.
\nExpenses as charge in nature are shown in profit and loss appropriation account whereas expenses as appropriation in nature are shown in profit and loss account.<\/p>\n

\nAnswer<\/span><\/summary>\n

Answer: False<\/p>\n<\/details>\n

\n

Question 58.
\nA partnership Act 1932 does not differentiate kind of businesses whereas LLP Act 2008 permits only legal business to run.<\/p>\n

\nAnswer<\/span><\/summary>\n

Answer: False<\/p>\n<\/details>\n

\n

Question 59.
\nUnder fixed capital, any provision of salary, interest etc., are shown incurrentaccount.<\/p>\n

\nAnswer<\/span><\/summary>\n

Answer: True<\/p>\n<\/details>\n

\n

Question 60.
\nLLP business is similar to company form of business.<\/p>\n

\nAnswer<\/span><\/summary>\n

Answer: True<\/p>\n<\/details>\n

\n

IV. One word Questions<\/span><\/p>\n

Question 61.
\nChhavi and Neha were partners in a firm sharing profits and losses equally. Chhavi withdrew a fixed amount at the beginning of each quarter. Interest on drawings is charged @ 6% p.a. At the end of the year, interest on Chhavi\u2019s drawings amounted to \u20b9 900. Pass necessary journal entry for charging interest on drawings.<\/p>\n

\nAnswer<\/span><\/summary>\n

Answer:
\n\"MCQ<\/p>\n<\/details>\n

\n

Question 62.
\nDev withdrew \u20b9 10,000 on 15th day of every month. Interest on drawings was to be charged @ 12% per annum. Calculate interest on Dev\u2019s drawings.<\/p>\n

\nAnswer<\/span><\/summary>\n

Answer: Interest On Drawings = 1,20,000 \u00d7 12\/100 \u00d7 6 \u00d7 12 = 7,200<\/p>\n<\/details>\n

\n

Question 63.
\nAmit, a partner in a partnership firm withdrew \u20b9 7,000 at the beginning of each quarter. For how many months would interest on drawings be charged?<\/p>\n

\nAnswer<\/span><\/summary>\n

Answer: 7\u00bd months<\/p>\n<\/details>\n

\n

Question 64.
\nRaj and Seema started a partnership firm on 1st July 2018. They agreed that Seema was entitled to a commission of 10% of the net profit after charging Raj\u2019s salary of \u20b9 2,500 per quarter and Seema\u2019s commission. The net profit before charging Raj\u2019s salary and Seema\u2019s commission for the year ended 31st March 2019 was \u20b9 2,27,500. Calculate Seema\u2019s commission.<\/p>\n

\nAnswer<\/span><\/summary>\n

Answer: Net profit before salary and commission = \u20b9 2,27,500
\nNet Raj\u2019s salary \u20b9 2,500 \u00d7 3 = \u20b9 7,500
\nNet profit after Raj\u2019s salary but before Seema\u2019s commission = \u20b9 2,20,000
\nSeema\u2019s commission = 10\/110 of \u20b9 2,20,000 = \u20b9 20,000<\/p>\n<\/details>\n

\n

Question 65.
\nA and B are partners in firm sharing profits and losses in the ratio of 7 : 3. Their fixed capitals were: A \u20b9 9,00,000 and B \u20b9 4,00,000. The partnership deed provided the following:
\n(i) Interest on capital @ 10% p.a.
\n(ii) A\u2019s salary \u20b9 50,000 per year and B\u2019s salary \u20b9 3,000 per month.
\nProfit for the year ended 31st March 2019 \u20b9 2,78,000 was distributed without providing for interest on capital and partner\u2019s salary. Showing your work clearly, pass the necessary adjustment entry for the above omissions.<\/p>\n

\nAnswer<\/span><\/summary>\n

Answer:
\nJournal:
\n\"MCQ
\nTable showing Past Adjustments:
\n\"MCQ<\/p>\n<\/details>\n

\n

Question 66.
\nPartners of ABC Corporation have agreed that D, a minor, should be admitted as a partner in the firm. What will be the liability of D?<\/p>\n

\nAnswer<\/span><\/summary>\n

Answer: Limited<\/p>\n<\/details>\n

\n

Question 67.
\nX, Y, and Z are partners in a firm. The firm had adopted the fixed capital method. Mention the account in which the interest on capital will be recorded:<\/p>\n

\nAnswer<\/span><\/summary>\n

Answer: Capital Account<\/p>\n<\/details>\n

\n

Question 68.
\nA partnership deed provides for the payment of interest on capital but there was a loss instead of profits during the year 2010-11. Will the interest on capital be allowed?<\/p>\n

\nAnswer<\/span><\/summary>\n

Answer: No<\/p>\n<\/details>\n

\n

Question 69.
\nWhere is interest on a partner\u2019s loan debited to Profit and Loss Account or Profit and Loss Appropriation Account?<\/p>\n

\nAnswer<\/span><\/summary>\n

Answer: Profit and loss Account<\/p>\n<\/details>\n

\n

Question 70.
\nIs interest on a partner\u2019s loan is payable even in case of loss to the firm?<\/p>\n

\nAnswer<\/span><\/summary>\n

Answer: Yes<\/p>\n<\/details>\n

\n

Question 71.
\nNet profit of a firm is \u20b9 30,000, partners\u2019 salary is \u20b9 12,000, and interest on capital is \u20b9 20,000. Mention the amount of partners\u2019 salary and interest on capital which should be debited to the Profit and Loss Appropriation Account if both items are treated as appropriation.<\/p>\n

\nAnswer<\/span><\/summary>\n

Answer: Partners\u2019 salary \u20b9 11,250, Interest on capital \u20b9 18,750.
\nNote: In the ratio of salary and interest on capital i.e. 12,000 : 20,000 = 3 : 5.<\/p>\n<\/details>\n

\n

Question 72.
\nRam and Shyam are partners sharing profits\/losses equally. Ram withdrew \u20b9 1,000 p.m. regularly on the first day of every month during the year 2013-14 for personal expenses. If interest on drawings is charged @ 5% p.a. Calculate interest on the drawings of Ram.<\/p>\n

\nAnswer<\/span><\/summary>\n

Answer: Interest on Drawings = \\(12,000 \\times \\frac{5}{100} \\times \\frac{6.5}{12}\\) = \u20b9 325<\/p>\n<\/details>\n

\n

Question 73.
\nVerma and Kaul are partners in a firm. The partnership agreement provides that interest on drawings should be charged @ 6% p.a. Verma withdraws \u20b9 2,000 per month starting from April 01, 2013 to March 31, 2014. Kaul withdraw \u20b9 3,000 per quarter, starting from April 01, 2013. Calculate interest on partner\u2019s drawings.<\/p>\n

\nAnswer<\/span><\/summary>\n

Answer: Interest on Verma\u2019s Drawings = \\(24,000 \\times \\frac{6}{100} \\times \\frac{6.5}{12}\\) = \u20b9 780
\nInterest on Kaul\u2019s Drawings = \\(12,000 \\times \\frac{6}{100} \\times \\frac{7.5}{12}\\) = \u20b9 450<\/p>\n<\/details>\n

\n

Question 74.
\nHimanshu withdraws \u20b9 2,500 at the end of each month. The partnership deed provides for charging the interest on drawings @ 12% p.a. Calculate interest on Himanshu\u2019s drawings for the year ending 31st December 2013.<\/p>\n

\nAnswer<\/span><\/summary>\n

Answer: Interest on Drawings = \\(30,000 \\times \\frac{12}{100} \\times \\frac{5.5}{12}\\) = \u20b9 1650<\/p>\n<\/details>\n

\n

Question 75.
\nBharam is a partner in a firm. He withdraws \u20b9 3,000 at the starting of each month for 12 months. The books . of the firm closes on March 31 every year. Calculate interest on drawings if the rate of interest is 10% p.a.<\/p>\n

\nAnswer<\/span><\/summary>\n

Answer: Bharam withdraws \u20b9 3,000 at the starting of each month.
\nTherefore, Drawings = \u20b9 3,000 \u00d7 12 = 36,000
\nInterest on Drawings = \\(36,000 \\times \\frac{10}{100} \\times \\frac{6.5}{12}\\) = \u20b9 1,950<\/p>\n<\/details>\n

\n

Question 76.
\nAmit and Bhola are partners in a firm. They share profits in the ratio of 3 : 2. As per their partnership agreement, interest on drawings is to be charged @ 10% p.a. Their drawings during 2013 were \u20b9 24,000 and \u20b9 16,000, respectively. Calculate interest on drawings based on the assumption that the amounts were withdrawn evenly, throughout the year.<\/p>\n

\nAnswer<\/span><\/summary>\n

Answer: Amit\u2019s Drawings = \u20b9 24,000
\nInterest on Drawings @ 10% p.a = \\(24,000 \\times \\frac{10}{100} \\times \\frac{6}{12}\\) = \u20b9 1,200
\nBhola\u2019s Drawings = \u20b9 16,000
\nInterest on Bhola\u2019s Drawings = \\(16,000 \\times \\frac{10}{100} \\times \\frac{6}{12}\\) = \u20b9 800
\nNote: In the absence of the date of drawings, it is assumed drawings have been made in the middle of each month\/period.<\/p>\n<\/details>\n

\n

Question 77.
\nA, B, and C were partners in a firm sharing profits in the ratio of 3 : 2 : 1. B was guaranteed a profit of \u20b9 2,00,000. During the year the firm earned a profit of \u20b9 84,000. Calculate the net amount of Profit\/Loss transferred to the capital accounts of A and C.<\/p>\n

\nAnswer<\/span><\/summary>\n

Answer: Net Amount of Loss transferred to:
\nA\u2019s Capital Account: \u20b9 87,000
\nC\u2019s Capital Account: \u20b9 29,000<\/p>\n<\/details>\n

\n

Use the above-provided NCERT MCQ Questions for Class 12 Accountancy Chapter 2 Accounting for Partnership: Basic Concepts with Answers Pdf free download and get a good grip on the fundamentals. Need any support from our end during the preparation of CBSE Class 12 Accountancy Accounting for Partnership: Basic Concepts MCQs Multiple Choice Questions with Answers then leave your comments below. We’ll revert back to you soon.<\/p>\n","protected":false},"excerpt":{"rendered":"

Students who are searching for NCERT MCQ Questions for Chapter 2 Accounting for Partnership: Basic Concepts with Answers Pdf free download are compiled here to get good practice on all fundamentals. Know your preparation level on MCQ Questions for Class 12 Accountancy with Answers. You can also verify your answers from our provided Accounting for …<\/p>\n

MCQ Questions for Class 12 Accountancy Chapter 2 Accounting for Partnership: Basic Concepts with Answers<\/span> Read More »<\/a><\/p>\n","protected":false},"author":9,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"default","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"default","adv-header-id-meta":"","stick-header-meta":"default","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","spay_email":""},"categories":[35],"tags":[],"yoast_head":"\nMCQ Questions for Class 12 Accountancy Chapter 2 Accounting for Partnership: Basic Concepts with Answers - MCQ Questions<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/mcq-questions.com\/mcq-questions-for-class-12-accountancy-chapter-2\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"MCQ Questions for Class 12 Accountancy Chapter 2 Accounting for Partnership: Basic Concepts with Answers - MCQ Questions\" \/>\n<meta property=\"og:description\" content=\"Students who are searching for NCERT MCQ Questions for Chapter 2 Accounting for Partnership: Basic Concepts with Answers Pdf free download are compiled here to get good practice on all fundamentals. 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