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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
Which of the following method is suitable for charging depreciation an machinery and furniture.
Question # 2
The term Depletion is used with reference to.
Question # 3
Under the diminishing balance method the 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
To make provision for the replacement of the assets. the method is to be ysed is.
Question # 6
The amount charged as depreciation goes on declining in
Question # 7
Depreciation is charged at fixex rate on the reducing balance, under the.
Question # 8
The depreciation charged to motor car account will be debited to.
Question # 9
the term depreciationis used with reference to.
Question # 10
Depreciation is
Question # 11
The amount of assets may rise of fell on account of.
Question # 12
Under the straight line method of charging depreciation, the amount of deperciation .
Question # 13
The amount charged to depreciation goes on declining in.
Question # 14
The method is specially suited to natural surces is said to be
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 depreciation charged to motor car account will be debited to. |
A. Depreciation account
B. Motor car account
C. Cash account
D. None of these
|
| 2 | The value of an asset at the end of the working life is called. |
A. Book value
B. Scrape value
C. Market value
D. None of these
|
| 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 | The process of writing of intengible assets patent right, good will etc is called. |
A. Depreciation
B. Fluctuaton
C. Amorization
D. depletion
|
| 5 | 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
|
| 6 | 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
|
| 7 | Under the diminishing balance method the depreciationis calculated on . |
A. Book value
B. Original value
C. Residual value
D. None of these
|
| 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 | 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
|
| 10 | 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
|
Test Questions
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