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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
Under annuity method the amount of depreciation is.
Question # 2
Under diminhing balance method, depreciationis calculated on.
Question # 3
The asses which have physical existence are called.
Question # 4
the term depreciationis used with reference to.
Question # 5
The value of an asset at the end of the working life is called.
Question # 6
Depreciation is charged on.
Question # 7
To make provision for the replacement of the assets. the method is to be ysed is.
Question # 8
The amount charged to depreciation goes on declining in.
Question # 9
The term Depletion is used with reference to.
Question # 10
Depreciation is
Question # 11
The depreciation charged to motor car account will be debited to.
Question # 12
The objective of charging depreciation on fixed assets is.
Question # 13
Under the straight line method of charging depreciation, the amount of deperciation .
Question # 14
Depreciation fund method is also known as.
Question # 15
The assets which have not got physical existence are 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 -
F Fazilat Official 07 - Dec - 2025 02 Min 08 Sec 13/15 -
S Sohera Aslam 19 - Aug - 2023 01 Min 32 Sec 12/15 -
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U Usama Shah 04 - Apr - 2022 02 Min 05 Sec 10/15 -
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M Muhammad Ebaad 31 - Dec - 2022 02 Min 44 Sec 10/15 -
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A Abdulah Iftikhar 05 - Oct - 2021 05 Min 11 Sec 10/15 -
A Ayesha Tariq 11 - Dec - 2021 07 Min 53 Sec 10/15
ICom Part II Principles of Accounting Chapter 0 Important MCQ's
| Sr.# | Question | Answer |
|---|---|---|
| 1 | 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
|
| 2 | 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
|
| 3 | The process of writing of intengible assets patent right, good will etc is called. |
A. Depreciation
B. Fluctuaton
C. Amorization
D. depletion
|
| 4 | The assets which have not got physical existence are called. |
A. Intangible assets
B. Intangible fixed assets
C. Current assets
D. Tangible fixed assets
|
| 5 | 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
|
| 6 | 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
|
| 7 | 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
|
| 8 | Under the diminishing balance method the depreciationis calculated on . |
A. Book value
B. Original value
C. Residual value
D. None of these
|
| 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 | 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
|
Test Questions
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