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

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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"

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

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Question # 1

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

Question # 2

The amount charged to depreciation goes on declining in.

Question # 3

The amount charged as depreciation goes on declining in

Question # 4

Which of the following term is used for the depreciation of wasting assets such as timber tree, mines, oil wells etc.

Question # 5

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

Question # 6

The asses which have physical existence are called.

Question # 7

Under diminhing balance method, depreciationis calculated on.

Question # 8

The amount of assets may rise of fell on account of.

Question # 9

Another name of diminishing balance method of depreciation is the

Question # 10

Under the diminishing balance method the depreciationis calculated on .

Question # 11

Under which method the book value of the fixed assets acn be reduce to zero after certain year

Question # 12

Under annuity method the amount of depreciation is.

Question # 13

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

Question # 14

Under aunuity method, the annual charger for depreciation wil be debited to.

Question # 15

The objective of charging depreciation on fixed assets is.

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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

Sr.# Question Answer
1 The term Depletion is used with reference to.
A. Tangible assets
B. Intangible assets
C. Current assets
D. Fixex assets
2 The amount of assets may rise of fell on account of.
A. Depreciation
B. Fluctuation
C. Depletion
D. Amortization
3 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
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 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
6 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
7 Under diminhing balance method, depreciationis calculated on.
A. The original cost
B. The scrape value
C. Book value
D. All of the above
8 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
9 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
10 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

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