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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
Depreciation caused by some external amoutn of anual depreciation gradully.
Question # 2
The amount charged as depreciation goes on declining in
Question # 3
The process of writing of intengible assets patent right, good will etc is called.
Question # 4
The value of an asset at the end of the working life is called.
Question # 5
the term depreciationis used with reference to.
Question # 6
Depreciation fund method is also known as.
Question # 7
Under diminhing balance method, depreciationis calculated on.
Question # 8
Depreciation is charged on.
Question # 9
The assets which have not got physical existence are called.
Question # 10
The depreciation charged to motor car account will be debited to.
Question # 11
Depreciation is
Question # 12
Under the straight line method of charging depreciation, the amount of deperciation .
Question # 13
Which of the following term is used for the depreciation of wasting assets such as timber tree, mines, oil wells etc.
Question # 14
Another name of diminishing balance method of depreciation is the
Question # 15
Depreciation arise because 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 | 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
|
| 2 | Depreciation fund method is also known as. |
A. Sinking fund method
B. Annuity method
C. Sum- of year's digit method
D. None of these
|
| 3 | The objective of charging depreciation on fixed assets is. |
A. Calculate the true net profit
B. To provide funds for the replacement
C. To redue the tax libility
D. All of the above
|
| 4 | Interest is debited to assets account uder the. |
A. Annuity method
B. Depreciation fund method
C. Insurance policy method
D. Depletion method
|
| 5 | The amount of assets may rise of fell on account of. |
A. Depreciation
B. Fluctuation
C. Depletion
D. Amortization
|
| 6 | Depreciation is |
A. An Income
B. An expense
C. A loss
D. A liability
|
| 7 | 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
|
| 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 | Under the diminishing balance method the depreciationis calculated on . |
A. Book value
B. Original value
C. Residual value
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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