Distribution of Profit and Loss MCQs

Written by True Tamplin, BSc, CEPF®

Reviewed by Subject Matter Experts

Updated on March 26, 2023

This set of multiple choice questions (MCQs) focuses on the distribution of profit and loss. These MCQs can help you to prepare for your exams, interviews, and different tests.

To begin, simply click the "Start quiz" button below!

1. A partnership is formed through:
2. Investment in a partnership is made by introducing:
3. The capital of the partners is maintained using:
4. Drawings of proprietors are:
5. A partner who invests in the business but who does not take part in the conduct of the business is which of the following?
6. A non-cash investment by a partner is recorded in the books:
7. In case of a fixed nature of capital, profit/gain will be credited to:
8. Under the fluctuating nature of capital, drawings of partners are debited to:
9. The balance in the partners' current account increases capital if it shows a:
10. Additional capital introduced by a partner will:

Related quizzes:

Distribution of Profit and Loss MCQs FAQs

About the Author

True Tamplin, BSc, CEPF®

True Tamplin is a published author, public speaker, CEO of UpDigital, and founder of Finance Strategists.

True is a Certified Educator in Personal Finance (CEPF®), author of The Handy Financial Ratios Guide, a member of the Society for Advancing Business Editing and Writing, contributes to his financial education site, Finance Strategists, and has spoken to various financial communities such as the CFA Institute, as well as university students like his Alma mater, Biola University, where he received a bachelor of science in business and data analytics.

To learn more about True, visit his personal website or view his author profiles on Amazon, Nasdaq and Forbes.