12th Principles of Accounting Chapter 9 Test

Here you can prepare 12th Class Principles of Accounting Chapter 9 Partnership Accounts Dissolution of the Firm Test. Click the button for 100% free full practice test.

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)

This online test contains MCQs about following topics:

. Distinction between Dissolution of Partnership and Dissolution of Firm . Modes of Dissolution of a firm . Settlement of Accounts on Dissolution . Preparation of Realisation Account . Dissolution of Firm when all the Partners are Solvent . Dissolution of Firm when on Partner is Insolvent . Dissolution of Firm when all the Partners are Insolvent . Gradual Relization of Assets and piecemeal Distribution

ICOM Part 2 Accounting Ch 9 Test
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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)

Sr. # Questions Answers Choice
1 Depreciation is charged at fixex rate on the reducing balance, under the.
  • A. Written - down value method
  • B. Annuity method
  • C. Sinking fund method
  • D. Depletion method
2 Depreciation caused by some external amoutn of anual depreciation gradully.
  • A. Increase
  • B. Decrease
  • C. Remain constant
  • D. None of these
3 The process of writing of intengible assets patent right, good will etc is called.
  • A. Depreciation
  • B. Fluctuaton
  • C. Amorization
  • D. depletion
4 The term Depletion is used with reference to.
  • A. Tangible assets
  • B. Intangible assets
  • C. Current assets
  • D. Fixex assets
5 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
6 The assets which have not got physical existence are called.
  • A. Intangible assets
  • B. Intangible fixed assets
  • C. Current assets
  • D. Tangible fixed assets
7 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
8 the term depreciationis used with reference to.
  • A. Tangible assets
  • B. Intangible asets
  • C. Current assets
  • D. Fixed assets
9 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
10 Depreciation fund method is also known as.
  • A. Sinking fund method
  • B. Annuity method
  • C. Sum- of year's digit method
  • D. None of these

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