12th Class Principle of Accounting Online MCQ's Test with Answers for Chapter 9 (Partnership Accounts Dissolution of the Firm)

ICOM Part 2 English Medium Principles of Accounting Chapter 9 MCQ's Test

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ICOM Part 2 Principles of Accounting Chapter Wise Online MCQ's Test

MCQ's Test For Chapter 0 "Principles of Accounting Icom Part 2 English Medium Chapter 9 Online Test"

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Principles of Accounting Icom Part 2 English Medium Chapter 9 Online Test

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Question # 1

Under annuity method the amount of depreciation is.

Question # 2

The assets which have not got physical existence are called.

Question # 3

The process of writing of intengible assets patent right, good will etc is called.

Question # 4

Which of the following method is suitable for charging depreciation an machinery and furniture.

Question # 5

The asses which have physical existence are called.

Question # 6

The term Depletion is used with reference to.

Question # 7

Under which method the book value of the fixed assets acn be reduce to zero after certain year

Question # 8

the term depreciationis used with reference to.

Question # 9

The amount charged to depreciation goes on declining in.

Question # 10

The depreciation charged to motor car account will be debited to.

Question # 11

The gradual decrease in the value of the fixex assets due to its use in the business is called.

Question # 12

The method is specially suited to natural surces is said to be

Question # 13

The amount charged as depreciation goes on declining in

Question # 14

Another name of diminishing balance method of depreciation is the

Question # 15

Depreciation fund method is also known as.

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Principles of Accounting
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ICOM Part 2 English Medium Principles of Accounting Chapter 9 MCQ's Test

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Sr.# Question Answer
1 The gradual decrease in the value of the fixex assets due to its use in the business is called.
A. Depreciation
B. Depletion
C. Amorization
D. Fluctuation
2 Under diminhing balance method, depreciationis calculated on.
A. The original cost
B. The scrape value
C. Book value
D. All of the above
3 The amount of assets may rise of fell on account of.
A. Depreciation
B. Fluctuation
C. Depletion
D. Amortization
4 The value of an asset at the end of the working life is called.
A. Book value
B. Scrape value
C. Market value
D. None of these
5 Depreciation is charged on.
A. Fixed tangible assets only
B. Fixex intangible assets only
C. Current assets only
D. None of these
6 Depreciation is
A. An Income
B. An expense
C. A loss
D. A liability
7 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
8 Under the straight line method of charging depreciation, the amount of deperciation .
A. Decrease every year
B. Increase every year
C.
Remain constant every year
D. None of the above
9 Under the diminishing balance method the depreciationis calculated on .
A. Book value
B. Original value
C. Residual value
D. None of these
10 Which of the following method is suitable for charging depreciation an machinery and furniture.
A. Straight line method
B. Diminishing balance method
C. Depreciation on fixed method
D. Annuity method
11 The term Depletion is used with reference to.
A. Tangible assets
B. Intangible assets
C. Current assets
D. Fixex assets
12 Depreciation under diminishing balance method ont he cost price of the fixex asset of Rs. 50.000 after two year @10% will be
A. RS. 5,000
B. Rs. 4050
C. Rs.4500
D. Rs. 40,000
13 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
14 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
15 The amount charged as depreciation goes on declining in
A. Depletion fund method
B. Auunity method
C. Diminishing balance method
D. Straiight line method

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