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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
Another name of diminishing balance method of depreciation is the
Question # 2
The objective of charging depreciation on fixed assets is.
Question # 3
Under the straight line method of charging depreciation, the amount of deperciation .
Question # 4
Interest is debited to assets account uder the.
Question # 5
To make provision for the replacement of the assets. the method is to be ysed is.
Question # 6
The process of writing of intengible assets patent right, good will etc is called.
Question # 7
The method is specially suited to natural surces is said to be
Question # 8
The term Depletion is used with reference to.
Question # 9
The amount charged to depreciation goes on declining in.
Question # 10
Depreciation caused by some external amoutn of anual depreciation gradully.
Question # 11
The gradual decrease in the value of the fixex assets due to its use in the business is called.
Question # 12
Depreciation is charged on.
Question # 13
Which of the following term is used for the depreciation of wasting assets such as timber tree, mines, oil wells etc.
Question # 14
Depreciation arise because of
Question # 15
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 | Under the diminishing balance method the depreciationis calculated on . |
A. Book value
B. Original value
C. Residual value
D. None of these
|
| 2 | 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
|
| 3 | The amount charged as depreciation goes on declining in |
A. Depletion fund method
B. Auunity method
C. Diminishing balance method
D. Straiight line method
|
| 4 | 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
|
| 5 | 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
|
| 6 | 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
|
| 7 | Under diminhing balance method, depreciationis calculated on. |
A. The original cost
B. The scrape value
C. Book value
D. All of the above
|
| 8 | 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
|
| 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 amount of assets may rise of fell on account of. |
A. Depreciation
B. Fluctuation
C. Depletion
D. Amortization
|
Test Questions