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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 value of an asset at the end of the working life is called.
Question # 2
The process of writing of intengible assets patent right, good will etc is called.
Question # 3
Depreciation is
Question # 4
The amount charged as depreciation goes on declining in
Question # 5
Depreciation is charged on.
Question # 6
Depreciation arise because of
Question # 7
Under aunuity method, the annual charger for depreciation wil be debited to.
Question # 8
Under which method the book value of the fixed assets acn be reduce to zero after certain year
Question # 9
Interest is debited to assets account uder the.
Question # 10
Depreciation caused by some external amoutn of anual depreciation gradully.
Question # 11
Under diminhing balance method, depreciationis calculated on.
Question # 12
Under the straight line method of charging depreciation, the amount of deperciation .
Question # 13
Under the diminishing balance method the depreciationis calculated on .
Question # 14
The asses which have physical existence are called.
Question # 15
Which of the following method is suitable for charging depreciation an machinery and furniture.
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 aunuity method, the annual charger for depreciation wil be debited to. |
A. Assets account
B. Depreciation account
C. Interest account
D. None of these
|
| 2 | 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
|
| 3 | Under the diminishing balance method the depreciationis calculated on . |
A. Book value
B. Original value
C. Residual value
D. None of these
|
| 4 | 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
|
| 5 | 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
|
| 6 | The amount charged as depreciation goes on declining in |
A. Depletion fund method
B. Auunity method
C. Diminishing balance method
D. Straiight line method
|
| 7 | 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
|
| 8 | Depreciation is charged on. |
A. Fixed tangible assets only
B. Fixex intangible assets only
C. Current assets only
D. None of these
|
| 9 | 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
|
| 10 | 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
|
Test Questions