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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
Interest is debited to assets account uder the.
Question # 2
Which of the following method is suitable for charging depreciation an machinery and furniture.
Question # 3
Which of the following term is used for the depreciation of wasting assets such as timber tree, mines, oil wells etc.
Question # 4
Under aunuity method, the annual charger for depreciation wil be debited to.
Question # 5
Depreciation is charged on.
Question # 6
The process of writing of intengible assets patent right, good will etc is called.
Question # 7
Under the straight line method of charging depreciation, the amount of deperciation .
Question # 8
Depreciation is charged at fixex rate on the reducing balance, under the.
Question # 9
Depreciation is
Question # 10
The objective of charging depreciation on fixed assets is.
Question # 11
The asses which have physical existence are called.
Question # 12
Under diminhing balance method, depreciationis calculated on.
Question # 13
The assets which have not got physical existence are called.
Question # 14
The value of an asset at the end of the working life is called.
Question # 15
Depreciation caused by some external amoutn of anual depreciation gradully.
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 arise because of |
A. Due to fall in the market value of fixex assets
B. Due to physical wear and tear of the assets
C. Due to fall in the market value
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 | 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
|
| 4 | The term Depletion is used with reference to. |
A. Tangible assets
B. Intangible assets
C. Current assets
D. Fixex assets
|
| 5 | The amount charged as depreciation goes on declining in |
A. Depletion fund method
B. Auunity method
C. Diminishing balance method
D. Straiight line method
|
| 6 | Interest is debited to assets account uder the. |
A. Annuity method
B. Depreciation fund method
C. Insurance policy method
D. Depletion method
|
| 7 | 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
|
| 8 | The depreciation charged to motor car account will be debited to. |
A. Depreciation account
B. Motor car account
C. Cash account
D. None of these
|
| 9 | 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
|
| 10 | The process of writing of intengible assets patent right, good will etc is called. |
A. Depreciation
B. Fluctuaton
C. Amorization
D. depletion
|
Test Questions
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