12th class Principle of Accounting chapter 9 online mcq test with answers for ICom part 2 Principle of Accounting Chapter 9 (Partnership Accounts Dissolution of the Firm)

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ICom Part II Principles of Accounting Chapter 0 Important MCQ's

Sr.#	Question	Answer
1	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
2	The term Depletion is used with reference to.	A. Tangible assets B. Intangible assets C. Current assets D. Fixex assets
3	Under the diminishing balance method the depreciationis calculated on .	A. Book value B. Original value C. Residual value D. None of these
4	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
5	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
6	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
7	The amount charged as depreciation goes on declining in	A. Depletion fund method B. Auunity method C. Diminishing balance method D. Straiight line method
8	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
9	The process of writing of intengible assets patent right, good will etc is called.	A. Depreciation B. Fluctuaton C. Amorization D. depletion
10	Under diminhing balance method, depreciationis calculated on.	A. The original cost B. The scrape value C. Book value D. All of the above

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12th Class Principle of Accounting Online MCQ's Test with Answers for Chapter 9 (Partnership Accounts Dissolution of the Firm)

ICOM Part 2 English Medium Principles of Accounting Chapter 9 MCQ's Test

ICOM Part 2 Principles of Accounting Chapter Wise Online MCQ's Test

MCQ's Test For Chapter 0 "Principles of Accounting Icom Part 2 English Medium Chapter 9 Online Test"

Principles of Accounting Icom Part 2 English Medium Chapter 9 Online Test

Depreciation is

the term depreciationis used with reference to.

Under annuity method the amount of depreciation is.

The amount charged to depreciation goes on declining in.

The gradual decrease in the value of the fixex assets due to its use in the business is called.

Depreciation is charged on.

Depreciation is charged at fixex rate on the reducing balance, under the.

Another name of diminishing balance method of depreciation is the

Depreciation fund method is also known as.

Under the straight line method of charging depreciation, the amount of deperciation .

Under the diminishing balance method the depreciationis calculated on .

Interest is debited to assets account uder the.

The depreciation charged to motor car account will be debited to.

Depreciation under diminishing balance method ont he cost price of the fixex asset of Rs. 50.000 after two year @10% will be

The value of an asset at the end of the working life is called.

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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

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