12th Class Principle of Accounting Online MCQ's Test with Answers for Chapter 9 (Partnership Accounts Dissolution of the Firm)

ICOM Part 2 English Medium Principles of Accounting Chapter 9 MCQ's Test

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ICOM Part 2 Principles of Accounting Chapter Wise Online MCQ's Test

MCQ's Test For Chapter 0 "Principles of Accounting Icom Part 2 English Medium Chapter 9 Online Test"

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Principles of Accounting Icom Part 2 English Medium Chapter 9 Online Test

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Question # 1

The assets which have not got physical existence are called.

Question # 2

the term depreciationis used with reference to.

Question # 3

Under which method the book value of the fixed assets acn be reduce to zero after certain year

Question # 4

Depreciation fund method is also known as.

Question # 5

Under diminhing balance method, depreciationis calculated on.

Question # 6

Which of the following term is used for the depreciation of wasting assets such as timber tree, mines, oil wells etc.

Question # 7

Depreciation is

Question # 8

The amount charged as depreciation goes on declining in

Question # 9

To make provision for the replacement of the assets. the method is to be ysed is.

Question # 10

Another name of diminishing balance method of depreciation is the

Question # 11

Under annuity method the amount of depreciation is.

Question # 12

The depreciation charged to motor car account will be debited to.

Question # 13

The method is specially suited to natural surces is said to be

Question # 14

Depreciation is charged on.

Question # 15

The amount charged to depreciation goes on declining in.

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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 which method the book value of the fixed assets acn be reduce to zero after certain year
A. Diminishing balance method
B. Straght line method
C. Depreciation find fond
D. Deflation method
2 Interest is debited to assets account uder the.
A. Annuity method
B. Depreciation fund method
C. Insurance policy method
D. Depletion 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 amount of assets may rise of fell on account of.
A. Depreciation
B. Fluctuation
C. Depletion
D. Amortization
5 Depreciation is charged at fixex rate on the reducing balance, under the.
A. Written - down value method
B. Annuity method
C. Sinking fund method
D. Depletion method
6 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
7 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
8 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
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 The term Depletion is used with reference to.
A. Tangible assets
B. Intangible assets
C. Current assets
D. Fixex assets

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