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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 asses which have physical existence are called.
Question # 2
Depreciation is
Question # 3
Which of the following term is used for the depreciation of wasting assets such as timber tree, mines, oil wells etc.
Question # 4
The term Depletion is used with reference to.
Question # 5
Depreciation arise because of
Question # 6
Depreciation is charged on.
Question # 7
The amount charged to depreciation goes on declining in.
Question # 8
Under diminhing balance method, depreciationis calculated on.
Question # 9
Another name of diminishing balance method of depreciation is the
Question # 10
The depreciation charged to motor car account will be debited to.
Question # 11
Interest is debited to assets account uder the.
Question # 12
Under aunuity method, the annual charger for depreciation wil be debited to.
Question # 13
The method is specially suited to natural surces is said to be
Question # 14
Depreciation fund method is also known as.
Question # 15
The process of writing of intengible assets patent right, good will etc is called.
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 term depreciationis used with reference to. |
A. Tangible assets
B. Intangible asets
C. Current assets
D. Fixed assets
|
| 2 | 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
|
| 3 | 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
|
| 4 | 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
|
| 5 | 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
|
| 6 | The amount charged to depreciation goes on declining in. |
A. Diminishing balance method
B. Fixex instaliment method
C. Annuity method
D. Depreciation fund method
|
| 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 gradual decrease in the value of the fixex assets due to its use in the business is called. |
A. Depreciation
B. Depletion
C. Amorization
D. Fluctuation
|
| 9 | Depreciation caused by some external amoutn of anual depreciation gradully. |
A. Increase
B. Decrease
C. Remain constant
D. None of these
|
| 10 | Under diminhing balance method, depreciationis calculated on. |
A. The original cost
B. The scrape value
C. Book value
D. All of the above
|
Test Questions
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