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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 depreciation charged to motor car account will be debited to.
Question # 2
Depreciation arise because of
Question # 3
Depreciation is charged at fixex rate on the reducing balance, under the.
Question # 4
Under aunuity method, the annual charger for depreciation wil be debited to.
Question # 5
Depreciation is
Question # 6
Depreciation caused by some external amoutn of anual depreciation gradully.
Question # 7
The method is specially suited to natural surces is said to be
Question # 8
Another name of diminishing balance method of depreciation is the
Question # 9
Under the straight line method of charging depreciation, the amount of deperciation .
Question # 10
To make provision for the replacement of the assets. the method is to be ysed is.
Question # 11
The asses which have physical existence are called.
Question # 12
The value of an asset at the end of the working life is called.
Question # 13
The amount charged as depreciation goes on declining in
Question # 14
The term Depletion is used with reference to.
Question # 15
the term depreciationis used with reference to.
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 | 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
|
| 2 | 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
|
| 3 | the term depreciationis used with reference to. |
A. Tangible assets
B. Intangible asets
C. Current assets
D. Fixed assets
|
| 4 | 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
|
| 5 | 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
|
| 6 | 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
|
| 7 | 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
|
| 8 | 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
|
| 9 | Under the diminishing balance method the depreciationis calculated on . |
A. Book value
B. Original value
C. Residual value
D. None of these
|
| 10 | 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
|
Test Questions
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