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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 term Depletion is used with reference to.
Question # 2
the term depreciationis used with reference to.
Question # 3
Depreciation is
Question # 4
Depreciation is charged on.
Question # 5
The gradual decrease in the value of the fixex assets due to its use in the business is called.
Question # 6
Under the diminishing balance method the depreciationis calculated on .
Question # 7
The objective of charging depreciation on fixed assets is.
Question # 8
The assets which have not got physical existence are called.
Question # 9
Depreciation caused by some external amoutn of anual depreciation gradully.
Question # 10
Depreciation fund method is also known as.
Question # 11
Interest is debited to assets account uder the.
Question # 12
Under diminhing balance method, depreciationis calculated on.
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
Under which method the book value of the fixed assets acn be reduce to zero after certain year
Question # 15
The amount of assets may rise of fell on account of.
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 | Interest is debited to assets account uder the. |
A. Annuity method
B. Depreciation fund method
C. Insurance policy method
D. Depletion method
|
| 2 | The amount charged to depreciation goes on declining in. |
A. Diminishing balance method
B. Fixex instaliment method
C. Annuity method
D. Depreciation fund method
|
| 3 | 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
|
| 4 | 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
|
| 5 | 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
|
| 6 | The amount of assets may rise of fell on account of. |
A. Depreciation
B. Fluctuation
C. Depletion
D. Amortization
|
| 7 | Depreciation is |
A. An Income
B. An expense
C. A loss
D. A liability
|
| 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 | 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
|
| 10 | Depreciation caused by some external amoutn of anual depreciation gradully. |
A. Increase
B. Decrease
C. Remain constant
D. None of these
|
Test Questions
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