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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 amount charged as depreciation goes on declining in
Question # 2
Depreciation arise because of
Question # 3
Under diminhing balance method, depreciationis calculated on.
Question # 4
The asses which have physical existence are called.
Question # 5
The amount of assets may rise of fell on account of.
Question # 6
The term Depletion is used with reference to.
Question # 7
The depreciation charged to motor car account will be debited to.
Question # 8
The assets which have not got physical existence are called.
Question # 9
The value of an asset at the end of the working life is called.
Question # 10
The process of writing of intengible assets patent right, good will etc is called.
Question # 11
Depreciation fund method is also known as.
Question # 12
Which of the following method is suitable for charging depreciation an machinery and furniture.
Question # 13
Under annuity method the amount of depreciation is.
Question # 14
To make provision for the replacement of the assets. the method is to be ysed is.
Question # 15
The gradual decrease in the value of the fixex assets due to its use in the business is called.
ICOM Part 2 English Medium Principles of Accounting Chapter 9 MCQ's Test
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M Malaika MA 03 - Aug - 2024 02 Min 02 Sec 14/15 -
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A Abdulah Iftikhar 05 - Oct - 2021 05 Min 11 Sec 10/15
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 amount of assets may rise of fell on account of. |
A. Depreciation
B. Fluctuation
C. Depletion
D. Amortization
|
| 3 | 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
|
| 4 | Depreciation caused by some external amoutn of anual depreciation gradully. |
A. Increase
B. Decrease
C. Remain constant
D. None of these
|
| 5 | 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
|
| 6 | 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
|
| 7 | The term Depletion is used with reference to. |
A. Tangible assets
B. Intangible assets
C. Current assets
D. Fixex assets
|
| 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 | 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
|
| 10 | 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
|
Test Questions
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