Types of Businesses MCQs

Previous Practice: Accounting Basics MCQs

Next Practice: Types of Accounts MCQs



 MCQs 1 to 10

Click The Option and See Result

Which of the following enjoys the benefit of limited liability?

Correct! Wrong!

Organizations which combine the limited liability advantage of a partnership are called as?

Correct! Wrong!

All of the form of business organizations except?

Correct! Wrong!

Which of the following business has the burden of unlimited liability?

Correct! Wrong!

Which of these characteristics does not apply to partnership?

Correct! Wrong!

The Maximum number of banking partners can be fixed at the following?

Correct! Wrong!

Which of the following is a benefit of the corporate form of business?

Correct! Wrong!

Which of the following business entity is collectively known as firm?

Correct! Wrong!

A large organization with separate legal status is known as?

Correct! Wrong!

Company with single taxation is called?

Correct! Wrong!

Types of Business (1-10)
Super Excellent ***
Excellent ***
Very Good **
Good *
Fair
Fail

Share your Results:

 

>> Read Types of Businesses.



MCQs11 to 20

Click The Option and See Result

Organizations which combine the limited liability advantage in sole ownership are called?

Correct! Wrong!

Which of the following forms of business does not protect owners from business creditors?

Correct! Wrong!

What is the meaning of the word ‘limited’ in the name of a limited company?

Correct! Wrong!

Which of the following are the owners of a partnership business?

Correct! Wrong!

A _______________ business is one in which income is generated by the resale of produced product?

Correct! Wrong!

Which of the following is/are true about the sole trader form of business?

Correct! Wrong!

Which of the following documents contains offer to subscribe shares?

Correct! Wrong!

Which of the following is true about a partnership?

Correct! Wrong!

In which type of a business, the owner and his business are not considered same in the eyes of law?

Correct! Wrong!

The partnership format might be useful to the owners of a small business in order to?

Correct! Wrong!

Types of Business (11-20)
Super Excellent ***
Excellent ***
Very Good **
Good *
Fair
Fail

Share your Results:

 

>> Practice Journal Entry Problems and Solutions

References

Mukharji, A., & Hanif, M. (2003). Financial Accounting (Vol. 1). New Delhi: Tata McGraw-Hill Publishing Co.

Narayanswami, R. (2008). Financial Accounting: A Managerial Perspective. (3rd, Ed.) New Delhi: Prentice Hall of India.

Ramchandran, N., & Kakani, R. K. (2007). Financial Accounting for Management. (2nd, Ed.) New Delhi: Tata McGraw Hill.

2 Comments

  1. Dear Concerned, Can I get all forms of MCQ questions and answer for my exam preparation. Please let me know the process. my email address is bizcareorg@gmail.com
    Thanking You
    Mahbub
    Bangladesh

    Reply
  2. Please make the zoom of page smaller. It is extra large, i cant remember the questions, only because of their size.

    Reply

Submit a Comment

Your email address will not be published. Required fields are marked *