12th class Principle of Accounting chapter 9 online mcq test with answers for ICom part 2 Principle of Accounting Chapter 9 (Partnership Accounts Dissolution of the Firm)

Top Scorers Of Chapter 0 "Principles of Accounting Icom Part 2 English Medium Chapter 9 Online Test" MCQ`s Test

Sr.#	Question	Answer
1	Under the diminishing balance method the depreciationis calculated on .	A. Book value B. Original value C. Residual value D. None of these
2	the term depreciationis used with reference to.	A. Tangible assets B. Intangible asets C. Current assets D. Fixed assets
3	Depreciation is charged on.	A. Fixed tangible assets only B. Fixex intangible assets only C. Current assets only D. None of these
4	Interest is debited to assets account uder the.	A. Annuity method B. Depreciation fund method C. Insurance policy method D. Depletion method
5	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
6	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
7	Under diminhing balance method, depreciationis calculated on.	A. The original cost B. The scrape value C. Book value D. All of the above
8	Depreciation is	A. An Income B. An expense C. A loss D. A liability
9	The assets which have not got physical existence are called.	A. Intangible assets B. Intangible fixed assets C. Current assets D. Tangible fixed assets
10	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