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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
Under the diminishing balance method the depreciationis calculated on .
Question # 2
The value of an asset at the end of the working life is called.
Question # 3
Under diminhing balance method, depreciationis calculated on.
Question # 4
The depreciation charged to motor car account will be debited to.
Question # 5
Depreciation fund method is also known as.
Question # 6
Depreciation is
Question # 7
Under the straight line method of charging depreciation, the amount of deperciation .
Question # 8
the term depreciationis used with reference to.
Question # 9
The process of writing of intengible assets patent right, good will etc is called.
Question # 10
Under aunuity method, the annual charger for depreciation wil be debited to.
Question # 11
Depreciation arise because of
Question # 12
The amount of assets may rise of fell on account of.
Question # 13
The asses which have physical existence are called.
Question # 14
Depreciation caused by some external amoutn of anual depreciation gradully.
Question # 15
Which of the following term is used for the depreciation of wasting assets such as timber tree, mines, oil wells etc.
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 fund method is also known as. |
A. Sinking fund method
B. Annuity method
C. Sum- of year's digit method
D. None of these
|
| 3 | Interest is debited to assets account uder the. |
A. Annuity method
B. Depreciation fund method
C. Insurance policy method
D. Depletion method
|
| 4 | The process of writing of intengible assets patent right, good will etc is called. |
A. Depreciation
B. Fluctuaton
C. Amorization
D. depletion
|
| 5 | 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
|
| 6 | 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
|
| 7 | 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
|
| 8 | 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
|
| 9 | The amount charged to depreciation goes on declining in. |
A. Diminishing balance method
B. Fixex instaliment method
C. Annuity method
D. Depreciation fund method
|
| 10 | 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
|
Test Questions