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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 straight line method of charging depreciation, the amount of deperciation .
Question # 2
The objective of charging depreciation on fixed assets is.
Question # 3
Interest is debited to assets account uder the.
Question # 4
The depreciation charged to motor car account will be debited to.
Question # 5
Another name of diminishing balance method of depreciation is the
Question # 6
The asses which have physical existence are called.
Question # 7
The method is specially suited to natural surces is said to be
Question # 8
The value of an asset at the end of the working life is called.
Question # 9
Under annuity method the amount of depreciation is.
Question # 10
Under the diminishing balance method the depreciationis calculated on .
Question # 11
Depreciation under diminishing balance method ont he cost price of the fixex asset of Rs. 50.000 after two year @10% will be
Question # 12
Depreciation is
Question # 13
Under aunuity method, the annual charger for depreciation wil be debited to.
Question # 14
The assets which have not got 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 | 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
|
| 2 | Another name of diminishing balance method of depreciation is the |
A. Reducing balance method
B. Sinking fund method
C. Straight line mehod
D. Revaluation method
|
| 3 | 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
|
| 4 | The objective of charging depreciation on fixed assets is. |
A. Calculate the true net profit
B. To provide funds for the replacement
C. To redue the tax libility
D. All of the above
|
| 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 process of writing of intengible assets patent right, good will etc is called. |
A. Depreciation
B. Fluctuaton
C. Amorization
D. depletion
|
| 7 | 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
|
| 8 | 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
|
| 9 | 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
|
| 10 | The term Depletion is used with reference to. |
A. Tangible assets
B. Intangible assets
C. Current assets
D. Fixex assets
|
Test Questions
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