12th Principles of Accounting Chapter 9 Test

Here you can prepare 12th Class Principles of Accounting Chapter 9 Partnership Accounts Dissolution of the Firm Test. Click the button for 100% free full practice test.

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)

This online test contains MCQs about following topics:

. Distinction between Dissolution of Partnership and Dissolution of Firm . Modes of Dissolution of a firm . Settlement of Accounts on Dissolution . Preparation of Realisation Account . Dissolution of Firm when all the Partners are Solvent . Dissolution of Firm when on Partner is Insolvent . Dissolution of Firm when all the Partners are Insolvent . Gradual Relization of Assets and piecemeal Distribution

ICOM Part 2 Accounting Ch 9 Test
ic

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)

Sr. # Questions Answers Choice
1 Depreciation caused by some external amoutn of anual depreciation gradully.
  • A. Increase
  • B. Decrease
  • C. Remain constant
  • D. None of these
2 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
3 Depreciation is
  • A. An Income
  • B. An expense
  • C. A loss
  • D. A liability
4 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
5 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
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 The assets which have not got physical existence are called.
  • A. Intangible assets
  • B. Intangible fixed assets
  • C. Current assets
  • D. Tangible fixed assets
8 Depreciation is charged on.
  • A. Fixed tangible assets only
  • B. Fixex intangible assets only
  • C. Current assets only
  • 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 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

Share your comments questions here
Sort By:
X

Sign in

to continue to ilmkidunya.com

inquiry-image

Free Admission Advice

Fill the form. Our admission consultants will call you with admission options.

X

Sign in

to continue to ilmkidunya.com

X

Sign in

to continue to ilmkidunya.com

X

Forgot Password

to continue to ilmkidunya.com

X

Register Type

Please Provide following information to Register

  • Student
  • Tutor
  • Consultant
  • Employer