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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 amount of assets may rise of fell on account of.
Question # 2
Interest is debited to assets account uder the.
Question # 3
Depreciation under diminishing balance method ont he cost price of the fixex asset of Rs. 50.000 after two year @10% will be
Question # 4
Under which method the book value of the fixed assets acn be reduce to zero after certain year
Question # 5
Which of the following term is used for the depreciation of wasting assets such as timber tree, mines, oil wells etc.
Question # 6
The asses which have physical existence are called.
Question # 7
Depreciation caused by some external amoutn of anual depreciation gradully.
Question # 8
Under aunuity method, the annual charger for depreciation wil be debited to.
Question # 9
Under annuity method the amount of depreciation is.
Question # 10
The gradual decrease in the value of the fixex assets due to its use in the business is called.
Question # 11
The assets which have not got physical existence are called.
Question # 12
The objective of charging depreciation on fixed assets is.
Question # 13
The amount charged to depreciation goes on declining in.
Question # 14
The value of an asset at the end of the working life is called.
Question # 15
To make provision for the replacement of the assets. the method is to be ysed is.
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 | Interest is debited to assets account uder the. |
A. Annuity method
B. Depreciation fund method
C. Insurance policy method
D. Depletion method
|
| 2 | The process of writing of intengible assets patent right, good will etc is called. |
A. Depreciation
B. Fluctuaton
C. Amorization
D. depletion
|
| 3 | Under the straight line method of charging depreciation, the amount of deperciation . |
A. Decrease every year
B. Increase every year
C.
Remain constant every year
D. None of the above
|
| 4 | 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
|
| 5 | The term Depletion is used with reference to. |
A. Tangible assets
B. Intangible assets
C. Current assets
D. Fixex assets
|
| 6 | Under diminhing balance method, depreciationis calculated on. |
A. The original cost
B. The scrape value
C. Book value
D. All of the above
|
| 7 | 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
|
| 8 | 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
|
| 9 | 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
|
| 10 | Depreciation is charged on. |
A. Fixed tangible assets only
B. Fixex intangible assets only
C. Current assets only
D. None of these
|
Test Questions