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

00:00
Question # 1

The method is specially suited to natural surces is said to be

Question # 2

the term depreciationis used with reference to.

Question # 3

The objective of charging depreciation on fixed assets is.

Question # 4

Which of the following term is used for the depreciation of wasting assets such as timber tree, mines, oil wells etc.

Question # 5

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

Question # 6

Depreciation caused by some external amoutn of anual depreciation gradully.

Question # 7

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

Question # 8

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

Question # 9

The amount charged as depreciation goes on declining in

Question # 10

The assets which have not got physical existence are called.

Question # 11

The term Depletion is used with reference to.

Question # 12

Interest is debited to assets account uder the.

Question # 13

The asses which have physical existence are called.

Question # 14

Under the diminishing balance method the depreciationis calculated on .

Question # 15

The amount charged to depreciation goes on declining in.

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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 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
2 The assets which have not got physical existence are called.
A. Intangible assets
B. Intangible fixed assets
C. Current assets
D. Tangible fixed assets
3 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
4 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
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 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
7 Interest is debited to assets account uder the.
A. Annuity method
B. Depreciation fund method
C. Insurance policy method
D. Depletion method
8 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
9 Depreciation is
A. An Income
B. An expense
C. A loss
D. A liability
10 The amount charged as depreciation goes on declining in
A. Depletion fund method
B. Auunity method
C. Diminishing balance method
D. Straiight line method

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