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The liabilities of a partnership may include

A. Amounts owed to partners for their capital contributions
B. Loans to the partnership
C. Amount that a partner may owe to another partner
D. Both ‘a’ and ‘b’

The maximum number of partners in a partnership under Pakistani law is:

A. 10
B. 15
C. 20
D. 25

Loss of goods by fire should be credited to

A. Loss of goods by fire in account
B. Sales account
C. Purchases account
D. Bad debts account

In the accounting cycle

A. Books are closed before making financial statements
B. Closing entries are made before the adjusting entries
C. Adjusting entries are made before financial statements are made
D. None of the above

Archaeological finds of Harappa are located in which District?

A. Sheikhupura
B. Okara
C. Vehari
D. Sahiwal

Sir Creek is a disputed area between:

A. Afghanistan & pakistan
B. Nepal & india
C. Bangladesh & india
D. Pakistan & india

When was Durand Line established?

A. 1947
B. 1900
C. 1893
D. 1875

The head of Boundary Commission was

A. Mount baton
B. Cripps
C. Wavell
D. Radcliff

Taklamakan desert is located in____?

A. Mongolia
B. Russia
C. Kazakhstan
D. China

Who discovered the Law of Gravitation?

A. Sir isaac newton
B. Louis pasture
C. Galileo
D. William henry

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