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MCQ's Test For Chapter 0 "Principles of Accounting Icom Part 2 English Medium Chapter 9 Online Test"
Try The MCQ's Test For Chapter 0 "Principles of Accounting Icom Part 2 English Medium Chapter 9 Online Test"
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Total Questions15
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Time Allowed20
Principles of Accounting Icom Part 2 English Medium Chapter 9 Online Test
00:00
Question # 1
Under which method the book value of the fixed assets acn be reduce to zero after certain year
Question # 2
Depreciation fund method is also known as.
Question # 3
Depreciation arise because of
Question # 4
Depreciation is
Question # 5
Under diminhing balance method, depreciationis calculated on.
Question # 6
The amount charged as depreciation goes on declining in
Question # 7
The amount of assets may rise of fell on account of.
Question # 8
To make provision for the replacement of the assets. the method is to be ysed is.
Question # 9
The process of writing of intengible assets patent right, good will etc is called.
Question # 10
Depreciation is charged at fixex rate on the reducing balance, under the.
Question # 11
the term depreciationis used with reference to.
Question # 12
The objective of charging depreciation on fixed assets is.
Question # 13
Interest is debited to assets account uder the.
Question # 14
Under aunuity method, the annual charger for depreciation wil be debited to.
Question # 15
Under the straight line method of charging depreciation, the amount of deperciation .
ICOM Part 2 English Medium Principles of Accounting Chapter 9 MCQ's Test
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ICom Part II Principles of Accounting Chapter 0 Important MCQ's
| Sr.# | Question | Answer |
|---|---|---|
| 1 | The method is specially suited to natural surces is said to be |
A. Annuity method
B. Depletion method
C. Revalution method
D. Sum of digit method
|
| 2 | The amount of assets may rise of fell on account of. |
A. Depreciation
B. Fluctuation
C. Depletion
D. Amortization
|
| 3 | The term Depletion is used with reference to. |
A. Tangible assets
B. Intangible assets
C. Current assets
D. Fixex assets
|
| 4 | To make provision for the replacement of the assets. the method is to be ysed is. |
A. Written down value method
B. Annuity method
C. Sinking fund method
D. Insurance policy method
|
| 5 | The process of writing of intengible assets patent right, good will etc is called. |
A. Depreciation
B. Fluctuaton
C. Amorization
D. depletion
|
| 6 | Depreciation arise because of |
A. Due to fall in the market value of fixex assets
B. Due to physical wear and tear of the assets
C. Due to fall in the market value
D. None of these
|
| 7 | Under which method the book value of the fixed assets acn be reduce to zero after certain year |
A. Diminishing balance method
B. Straght line method
C. Depreciation find fond
D. Deflation method
|
| 8 | Under annuity method the amount of depreciation is. |
A. Increasing every year
B. Decreasing every year
C. Fixed for all the year
D. None of these
|
| 9 | The asses which have physical existence are called. |
A. Intangible assets
B. Intangible fixed assets
C. Tangible fixed assets
D. Both tangible or intangible assets
|
| 10 | The objective of charging depreciation on fixed assets is. |
A. Calculate the true net profit
B. To provide funds for the replacement
C. To redue the tax libility
D. All of the above
|
Test Questions
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