12th class Principle of Accounting chapter 9 online mcq test with answers for ICom part 2 Principle of Accounting Chapter 9 (Partnership Accounts Dissolution of the Firm)

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Sr.#	Question	Answer
1	Under diminhing balance method, depreciationis calculated on.	A. The original cost B. The scrape value C. Book value D. All of the above
2	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
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	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
5	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
6	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
7	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
8	Depreciation is charged on.	A. Fixed tangible assets only B. Fixex intangible assets only C. Current assets only D. None of these
9	Depreciation fund method is also known as.	A. Sinking fund method B. Annuity method C. Sum- of year's digit method D. None of these
10	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
11	The term Depletion is used with reference to.	A. Tangible assets B. Intangible assets C. Current assets D. Fixex assets
12	The amount charged to depreciation goes on declining in.	A. Diminishing balance method B. Fixex instaliment method C. Annuity method D. Depreciation fund method
13	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
14	The amount charged as depreciation goes on declining in	A. Depletion fund method B. Auunity method C. Diminishing balance method D. Straiight line method
15	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

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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

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"

Principles of Accounting Icom Part 2 English Medium Chapter 9 Online Test

Another name of diminishing balance method of depreciation is the

Depreciation arise because of

Under diminhing balance method, depreciationis calculated on.

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

The method is specially suited to natural surces is said to be

The gradual decrease in the value of the fixex assets due to its use in the business is called.

Depreciation is

To make provision for the replacement of the assets. the method is to be ysed is.

The asses which have physical existence are called.

The amount charged to depreciation goes on declining in.

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

Depreciation fund method is also known as.

the term depreciationis used with reference to.

Under which method the book value of the fixed assets acn be reduce to zero after certain year

Depreciation is charged on.

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ICOM Part 2 English Medium Principles of Accounting Chapter 9 MCQ's Test

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