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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 depreciation charged to motor car account will be debited to.
Question # 2
To make provision for the replacement of the assets. the method is to be ysed is.
Question # 3
Depreciation is charged at fixex rate on the reducing balance, under the.
Question # 4
Under diminhing balance method, depreciationis calculated on.
Question # 5
Another name of diminishing balance method of depreciation is the
Question # 6
Under the diminishing balance method the depreciationis calculated on .
Question # 7
Under aunuity method, the annual charger for depreciation wil be debited to.
Question # 8
The value of an asset at the end of the working life is called.
Question # 9
Depreciation fund method is also known as.
Question # 10
Depreciation caused by some external amoutn of anual depreciation gradully.
Question # 11
The process of writing of intengible assets patent right, good will etc is called.
Question # 12
Which of the following term is used for the depreciation of wasting assets such as timber tree, mines, oil wells etc.
Question # 13
The gradual decrease in the value of the fixex assets due to its use in the business is called.
Question # 14
The assets which have not got physical existence are called.
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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M Malaika MA 03 - Aug - 2024 02 Min 02 Sec 14/15 -
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A Abdulah Iftikhar 05 - Oct - 2021 05 Min 11 Sec 10/15
ICom Part II Principles of Accounting Chapter 0 Important MCQ's
| Sr.# | Question | Answer |
|---|---|---|
| 1 | The amount of assets may rise of fell on account of. |
A. Depreciation
B. Fluctuation
C. Depletion
D. Amortization
|
| 2 | Under the diminishing balance method the depreciationis calculated on . |
A. Book value
B. Original value
C. Residual value
D. None of these
|
| 3 | Another name of diminishing balance method of depreciation is the |
A. Reducing balance method
B. Sinking fund method
C. Straight line mehod
D. Revaluation method
|
| 4 | 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
|
| 5 | Depreciation caused by some external amoutn of anual depreciation gradully. |
A. Increase
B. Decrease
C. Remain constant
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 | 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 | The assets which have not got physical existence are called. |
A. Intangible assets
B. Intangible fixed assets
C. Current assets
D. Tangible fixed assets
|
| 9 | Under diminhing balance method, depreciationis calculated on. |
A. The original cost
B. The scrape value
C. Book value
D. All of the above
|
| 10 | Interest is debited to assets account uder the. |
A. Annuity method
B. Depreciation fund method
C. Insurance policy method
D. Depletion method
|
Test Questions
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