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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
Depreciation fund method is also known as.
Question # 2
Under the straight line method of charging depreciation, the amount of deperciation .
Question # 3
The term Depletion is used with reference to.
Question # 4
Depreciation is charged on.
Question # 5
Depreciation caused by some external amoutn of anual depreciation gradully.
Question # 6
Another name of diminishing balance method of depreciation is the
Question # 7
Depreciation under diminishing balance method ont he cost price of the fixex asset of Rs. 50.000 after two year @10% will be
Question # 8
Under aunuity method, the annual charger for depreciation wil be debited to.
Question # 9
Which of the following method is suitable for charging depreciation an machinery and furniture.
Question # 10
The amount of assets may rise of fell on account of.
Question # 11
Which of the following term is used for the depreciation of wasting assets such as timber tree, mines, oil wells etc.
Question # 12
Under the diminishing balance method the depreciationis calculated on .
Question # 13
The method is specially suited to natural surces is said to be
Question # 14
To make provision for the replacement of the assets. the method is to be ysed is.
Question # 15
The asses which have physical existence are called.
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 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
|
| 3 | Under diminhing balance method, depreciationis calculated on. |
A. The original cost
B. The scrape value
C. Book value
D. All of the above
|
| 4 | The amount charged to depreciation goes on declining in. |
A. Diminishing balance method
B. Fixex instaliment method
C. Annuity method
D. Depreciation fund method
|
| 5 | The amount charged as depreciation goes on declining in |
A. Depletion fund method
B. Auunity method
C. Diminishing balance method
D. Straiight line method
|
| 6 | The assets which have not got physical existence are called. |
A. Intangible assets
B. Intangible fixed assets
C. Current assets
D. Tangible fixed assets
|
| 7 | 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
|
| 8 | Interest is debited to assets account uder the. |
A. Annuity method
B. Depreciation fund method
C. Insurance policy method
D. Depletion method
|
| 9 | The process of writing of intengible assets patent right, good will etc is called. |
A. Depreciation
B. Fluctuaton
C. Amorization
D. depletion
|
| 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
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