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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
Depreciation fund method is also known as.
Question # 2
Under which method the book value of the fixed assets acn be reduce to zero after certain year
Question # 3
Another name of diminishing balance method of depreciation is the
Question # 4
Depreciation is charged on.
Question # 5
The depreciation charged to motor car account will be debited to.
Question # 6
Depreciation caused by some external amoutn of anual depreciation gradully.
Question # 7
The objective of charging depreciation on fixed assets is.
Question # 8
The amount charged as depreciation goes on declining in
Question # 9
Interest is debited to assets account uder the.
Question # 10
Under diminhing balance method, depreciationis calculated on.
Question # 11
The term Depletion is used with reference to.
Question # 12
The value of an asset at the end of the working life is called.
Question # 13
The asses which have physical existence are called.
Question # 14
Under annuity method the amount of depreciation is.
Question # 15
Which of the following term is used for the depreciation of wasting assets such as timber tree, mines, oil wells etc.
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 | The assets which have not got physical existence are called. |
A. Intangible assets
B. Intangible fixed assets
C. Current assets
D. Tangible fixed assets
|
| 2 | Under aunuity method, the annual charger for depreciation wil be debited to. |
A. Assets account
B. Depreciation account
C. Interest account
D. None of these
|
| 3 | Under diminhing balance method, depreciationis calculated on. |
A. The original cost
B. The scrape value
C. Book value
D. All of the above
|
| 4 | 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
|
| 5 | The amount of assets may rise of fell on account of. |
A. Depreciation
B. Fluctuation
C. Depletion
D. Amortization
|
| 6 | 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
|
| 7 | The term Depletion is used with reference to. |
A. Tangible assets
B. Intangible assets
C. Current assets
D. Fixex assets
|
| 8 | 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
|
| 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 | 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
|
Test Questions
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