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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
The method is specially suited to natural surces is said to be
Question # 2
Which of the following term is used for the depreciation of wasting assets such as timber tree, mines, oil wells etc.
Question # 3
Another name of diminishing balance method of depreciation is the
Question # 4
The amount charged as depreciation goes on declining in
Question # 5
The gradual decrease in the value of the fixex assets due to its use in the business is called.
Question # 6
The process of writing of intengible assets patent right, good will etc is called.
Question # 7
Under aunuity method, the annual charger for depreciation wil be debited to.
Question # 8
Under which method the book value of the fixed assets acn be reduce to zero after certain year
Question # 9
Under diminhing balance method, depreciationis calculated on.
Question # 10
Depreciation is charged on.
Question # 11
The depreciation charged to motor car account will be debited to.
Question # 12
Depreciation caused by some external amoutn of anual depreciation gradully.
Question # 13
Depreciation is
Question # 14
Depreciation under diminishing balance method ont he cost price of the fixex asset of Rs. 50.000 after two year @10% will be
Question # 15
The asses which have physical existence are called.
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 amount charged as depreciation goes on declining in |
A. Depletion fund method
B. Auunity method
C. Diminishing balance method
D. Straiight line method
|
| 2 | Under the diminishing balance method the depreciationis calculated on . |
A. Book value
B. Original value
C. Residual value
D. None of these
|
| 3 | The depreciation charged to motor car account will be debited to. |
A. Depreciation account
B. Motor car account
C. Cash account
D. None of these
|
| 4 | Under diminhing balance method, depreciationis calculated on. |
A. The original cost
B. The scrape value
C. Book value
D. All of the above
|
| 5 | 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
|
| 6 | 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
|
| 7 | 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
|
| 8 | 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
|
| 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 | 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
|
Test Questions