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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 depreciationis used with reference to.
Question # 2
Which of the following method is suitable for charging depreciation an machinery and furniture.
Question # 3
The method is specially suited to natural surces is said to be
Question # 4
Under the straight line method of charging depreciation, the amount of deperciation .
Question # 5
Interest is debited to assets account uder the.
Question # 6
Which of the following term is used for the depreciation of wasting assets such as timber tree, mines, oil wells etc.
Question # 7
Depreciation fund method is also known as.
Question # 8
The process of writing of intengible assets patent right, good will etc is called.
Question # 9
The amount charged to depreciation goes on declining in.
Question # 10
The gradual decrease in the value of the fixex assets due to its use in the business is called.
Question # 11
Another name of diminishing balance method of depreciation is the
Question # 12
Under aunuity method, the annual charger for depreciation wil be debited to.
Question # 13
Depreciation arise because of
Question # 14
The objective of charging depreciation on fixed assets is.
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 | 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
|
| 2 | Under the diminishing balance method the depreciationis calculated on . |
A. Book value
B. Original value
C. Residual value
D. None of these
|
| 3 | 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
|
| 4 | 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
|
| 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 assets which have not got physical existence are called. |
A. Intangible assets
B. Intangible fixed assets
C. Current assets
D. Tangible fixed assets
|
| 7 | Another name of diminishing balance method of depreciation is the |
A. Reducing balance method
B. Sinking fund method
C. Straight line mehod
D. Revaluation method
|
| 8 | The amount charged as depreciation goes on declining in |
A. Depletion fund method
B. Auunity method
C. Diminishing balance method
D. Straiight line method
|
| 9 | Depreciation under diminishing balance method ont he cost price of the fixex asset of Rs. 50.000 after two year @10% will be |
A. RS. 5,000
B. Rs. 4050
C. Rs.4500
D. Rs. 40,000
|
| 10 | Depreciation is |
A. An Income
B. An expense
C. A loss
D. A liability
|
Test Questions