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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
To make provision for the replacement of the assets. the method is to be ysed is.
Question # 2
The objective of charging depreciation on fixed assets is.
Question # 3
The assets which have not got physical existence are called.
Question # 4
Depreciation is charged on.
Question # 5
The method is specially suited to natural surces is said to be
Question # 6
Depreciation caused by some external amoutn of anual depreciation gradully.
Question # 7
The term Depletion is used with reference to.
Question # 8
The asses which have physical existence are called.
Question # 9
Under which method the book value of the fixed assets acn be reduce to zero after certain year
Question # 10
The amount charged to depreciation goes on declining in.
Question # 11
Depreciation under diminishing balance method ont he cost price of the fixex asset of Rs. 50.000 after two year @10% will be
Question # 12
the term depreciationis used with reference to.
Question # 13
Depreciation is charged at fixex rate on the reducing balance, under the.
Question # 14
Under annuity method the amount of depreciation is.
Question # 15
Under aunuity method, the annual charger for depreciation wil be debited to.
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 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
|
| 2 | Under diminhing balance method, depreciationis calculated on. |
A. The original cost
B. The scrape value
C. Book value
D. All of the above
|
| 3 | The amount of assets may rise of fell on account of. |
A. Depreciation
B. Fluctuation
C. Depletion
D. Amortization
|
| 4 | 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
|
| 5 | 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
|
| 6 | The term Depletion is used with reference to. |
A. Tangible assets
B. Intangible assets
C. Current assets
D. Fixex assets
|
| 7 | 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
|
| 8 | The amount charged to depreciation goes on declining in. |
A. Diminishing balance method
B. Fixex instaliment method
C. Annuity method
D. Depreciation fund method
|
| 9 | 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
|
| 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
|
Test Questions