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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
Which of the following term is used for the depreciation of wasting assets such as timber tree, mines, oil wells etc.
Question # 2
Depreciation caused by some external amoutn of anual depreciation gradully.
Question # 3
Depreciation is charged on.
Question # 4
Depreciation fund method is also known as.
Question # 5
The term Depletion is used with reference to.
Question # 6
Under aunuity method, the annual charger for depreciation wil be debited to.
Question # 7
The asses which have physical existence are called.
Question # 8
The depreciation charged to motor car account will be debited to.
Question # 9
Depreciation arise because of
Question # 10
Which of the following method is suitable for charging depreciation an machinery and furniture.
Question # 11
Another name of diminishing balance method of depreciation is the
Question # 12
Depreciation under diminishing balance method ont he cost price of the fixex asset of Rs. 50.000 after two year @10% will be
Question # 13
Depreciation is
Question # 14
the term depreciationis used with reference to.
Question # 15
Interest is debited to assets account uder the.
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 amount of assets may rise of fell on account of. |
A. Depreciation
B. Fluctuation
C. Depletion
D. Amortization
|
| 2 | Under the diminishing balance method the depreciationis calculated on . |
A. Book value
B. Original value
C. Residual value
D. None of these
|
| 3 | Depreciation is charged on. |
A. Fixed tangible assets only
B. Fixex intangible assets only
C. Current assets only
D. None of these
|
| 4 | Under which method the book value of the fixed assets acn be reduce to zero after certain year |
A. Diminishing balance method
B. Straght line method
C. Depreciation find fond
D. Deflation method
|
| 5 | 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
|
| 6 | 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
|
| 7 | 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
|
| 8 | The asses which have physical existence are called. |
A. Intangible assets
B. Intangible fixed assets
C. Tangible fixed assets
D. Both tangible or intangible assets
|
| 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 | Interest is debited to assets account uder the. |
A. Annuity method
B. Depreciation fund method
C. Insurance policy method
D. Depletion method
|
Test Questions
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