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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
The assets which have not got physical existence are called.
Question # 2
Another name of diminishing balance method of depreciation is the
Question # 3
The gradual decrease in the value of the fixex assets due to its use in the business is called.
Question # 4
The value of an asset at the end of the working life is called.
Question # 5
Which of the following method is suitable for charging depreciation an machinery and furniture.
Question # 6
Under which method the book value of the fixed assets acn be reduce to zero after certain year
Question # 7
Depreciation is
Question # 8
Depreciation caused by some external amoutn of anual depreciation gradully.
Question # 9
To make provision for the replacement of the assets. the method is to be ysed is.
Question # 10
The amount charged to depreciation goes on declining in.
Question # 11
Depreciation arise because of
Question # 12
Under the diminishing balance method the depreciationis calculated on .
Question # 13
Depreciation fund method is also known as.
Question # 14
The asses which have physical existence are called.
Question # 15
Interest is debited to assets account uder the.
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 | 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
|
| 2 | Depreciation is |
A. An Income
B. An expense
C. A loss
D. A liability
|
| 3 | 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
|
| 4 | 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
|
| 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 | Interest is debited to assets account uder the. |
A. Annuity method
B. Depreciation fund method
C. Insurance policy method
D. Depletion method
|
| 7 | 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
|
| 8 | 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
|
| 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 | 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
|
Test Questions