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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
Interest is debited to assets account uder the.
Question # 2
Under the straight line method of charging depreciation, the amount of deperciation .
Question # 3
Depreciation fund method is also known as.
Question # 4
The objective of charging depreciation on fixed assets is.
Question # 5
The depreciation charged to motor car account will be debited to.
Question # 6
Under aunuity method, the annual charger for depreciation wil be debited to.
Question # 7
Depreciation arise because of
Question # 8
Under annuity method the amount of depreciation is.
Question # 9
the term depreciationis used with reference to.
Question # 10
Depreciation caused by some external amoutn of anual depreciation gradully.
Question # 11
Depreciation is charged on.
Question # 12
The assets which have not got physical existence are called.
Question # 13
To make provision for the replacement of the assets. the method is to be ysed is.
Question # 14
The process of writing of intengible assets patent right, good will etc is called.
Question # 15
The amount of assets may rise of fell on account of.
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 | 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
|
| 2 | The assets which have not got physical existence are called. |
A. Intangible assets
B. Intangible fixed assets
C. Current assets
D. Tangible fixed assets
|
| 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 | 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
|
| 5 | 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
|
| 6 | Depreciation is |
A. An Income
B. An expense
C. A loss
D. A liability
|
| 7 | 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
|
| 8 | 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
|
| 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 | 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
|
Test Questions
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