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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
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Question # 1
Which of the following term is used for the depreciation of wasting assets such as timber tree, mines, oil wells etc.
Question # 2
Under the diminishing balance method the depreciationis calculated on .
Question # 3
The asses which have physical existence are called.
Question # 4
Under aunuity method, the annual charger for depreciation wil be debited to.
Question # 5
The objective of charging depreciation on fixed assets is.
Question # 6
Under annuity method the amount of depreciation is.
Question # 7
Depreciation under diminishing balance method ont he cost price of the fixex asset of Rs. 50.000 after two year @10% will be
Question # 8
The assets which have not got physical existence are called.
Question # 9
Interest is debited to assets account uder the.
Question # 10
The amount charged as depreciation goes on declining in
Question # 11
The gradual decrease in the value of the fixex assets due to its use in the business is called.
Question # 12
The process of writing of intengible assets patent right, good will etc is called.
Question # 13
Depreciation is charged at fixex rate on the reducing balance, under the.
Question # 14
Which of the following method is suitable for charging depreciation an machinery and furniture.
Question # 15
Under diminhing balance method, depreciationis calculated on.
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 | 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
|
| 2 | Depreciation caused by some external amoutn of anual depreciation gradully. |
A. Increase
B. Decrease
C. Remain constant
D. None of these
|
| 3 | 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
|
| 4 | Under aunuity method, the annual charger for depreciation wil be debited to. |
A. Assets account
B. Depreciation account
C. Interest account
D. None of these
|
| 5 | Under the straight line method of charging depreciation, the amount of deperciation . |
A. Decrease every year
B. Increase every year
C.
Remain constant every year
D. None of the above
|
| 6 | The method is specially suited to natural surces is said to be |
A. Annuity method
B. Depletion method
C. Revalution method
D. Sum of digit method
|
| 7 | The process of writing of intengible assets patent right, good will etc is called. |
A. Depreciation
B. Fluctuaton
C. Amorization
D. depletion
|
| 8 | The term Depletion is used with reference to. |
A. Tangible assets
B. Intangible assets
C. Current assets
D. Fixex assets
|
| 9 | 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
|
| 10 | the term depreciationis used with reference to. |
A. Tangible assets
B. Intangible asets
C. Current assets
D. Fixed assets
|
Test Questions