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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 the diminishing balance method the depreciationis calculated on .
Question # 2
The objective of charging depreciation on fixed assets is.
Question # 3
The value of an asset at the end of the working life is called.
Question # 4
Depreciation arise because of
Question # 5
Depreciation caused by some external amoutn of anual depreciation gradully.
Question # 6
Under the straight line method of charging depreciation, the amount of deperciation .
Question # 7
Depreciation fund method is also known as.
Question # 8
The method is specially suited to natural surces is said to be
Question # 9
Which of the following method is suitable for charging depreciation an machinery and furniture.
Question # 10
The process of writing of intengible assets patent right, good will etc is called.
Question # 11
The asses which have physical existence are called.
Question # 12
Which of the following term is used for the depreciation of wasting assets such as timber tree, mines, oil wells etc.
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
Under annuity method the amount of depreciation is.
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 | 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
|
| 2 | 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
|
| 3 | The amount charged to depreciation goes on declining in. |
A. Diminishing balance method
B. Fixex instaliment method
C. Annuity method
D. Depreciation fund method
|
| 4 | The term Depletion is used with reference to. |
A. Tangible assets
B. Intangible assets
C. Current assets
D. Fixex assets
|
| 5 | 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
|
| 6 | 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
|
| 7 | 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
|
| 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 | Which of the following method is suitable for charging depreciation an machinery and furniture. |
A. Straight line method
B. Diminishing balance method
C. Depreciation on fixed method
D. Annuity method
|
| 10 | Under diminhing balance method, depreciationis calculated on. |
A. The original cost
B. The scrape value
C. Book value
D. All of the above
|
Test Questions