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

To make provision for the replacement of the assets. the method is to be ysed is.

Question # 2

The amount charged to depreciation goes on declining in.

Question # 3

Under diminhing balance method, depreciationis calculated on.

Question # 4

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

Question # 5

the term depreciationis used with reference to.

Question # 6

Interest is debited to assets account uder the.

Question # 7

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

Question # 8

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

Question # 9

The amount of assets may rise of fell on account of.

Question # 10

Under the diminishing balance method the depreciationis calculated on .

Question # 11

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

Question # 12

Depreciation arise because of

Question # 13

Depreciation under diminishing balance method ont he cost price of the fixex asset of Rs. 50.000 after two year @10% will be

Question # 14

The asses which have physical existence are called.

Question # 15

Depreciation is

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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 Under diminhing balance method, depreciationis calculated on.
A. The original cost
B. The scrape value
C. Book value
D. All of the above
2 Which of the following term is used for the depreciation of wasting assets such as timber tree, mines, oil wells etc.
A. Depreciation
B. Depletion
C. Amortization
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 Depreciation is charged on.
A. Fixed tangible assets only
B. Fixex intangible assets only
C. Current assets only
D. None of these
5 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
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 asses which have physical existence are called.
A. Intangible assets
B. Intangible fixed assets
C. Tangible fixed assets
D. Both tangible or intangible assets
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 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
10 The amount charged to depreciation goes on declining in.
A. Diminishing balance method
B. Fixex instaliment method
C. Annuity method
D. Depreciation fund method

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