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

00:00
Question # 1

The objective of charging depreciation on fixed assets is.

Question # 2

The amount of assets may rise of fell on account of.

Question # 3

Under aunuity method, the annual charger for depreciation wil be debited to.

Question # 4

The term Depletion is used with reference to.

Question # 5

The value of an asset at the end of the working life is called.

Question # 6

The process of writing of intengible assets patent right, good will etc is called.

Question # 7

Depreciation is charged at fixex rate on the reducing balance, under the.

Question # 8

Depreciation under diminishing balance method ont he cost price of the fixex asset of Rs. 50.000 after two year @10% will be

Question # 9

Under annuity method the amount of depreciation is.

Question # 10

The amount charged to depreciation goes on declining in.

Question # 11

The asses which have physical existence are called.

Question # 12

Interest is debited to assets account uder the.

Question # 13

Depreciation is

Question # 14

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

Question # 15

Under diminhing balance method, depreciationis calculated on.

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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 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
2 the term depreciationis used with reference to.
A. Tangible assets
B. Intangible asets
C. Current assets
D. Fixed assets
3 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
4 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
5 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
6 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
7 The assets which have not got physical existence are called.
A. Intangible assets
B. Intangible fixed assets
C. Current assets
D. Tangible fixed assets
8 The amount charged as depreciation goes on declining in
A. Depletion fund method
B. Auunity method
C. Diminishing balance method
D. Straiight line method
9 Depreciation is
A. An Income
B. An expense
C. A loss
D. A liability
10 Depreciation under diminishing balance method ont he cost price of the fixex asset of Rs. 50.000 after two year @10% will be
A. RS. 5,000
B. Rs. 4050
C. Rs.4500
D. Rs. 40,000

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