×

12th Principles of Accounting Chapter 9 Test

Here you can prepare 12th Class Principles of Accounting Chapter 9 Partnership Accounts Dissolution of the Firm Test. Click the button for 100% free full practice test.

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)

This online test contains MCQs about following topics:

. Distinction between Dissolution of Partnership and Dissolution of Firm . Modes of Dissolution of a firm . Settlement of Accounts on Dissolution . Preparation of Realisation Account . Dissolution of Firm when all the Partners are Solvent . Dissolution of Firm when on Partner is Insolvent . Dissolution of Firm when all the Partners are Insolvent . Gradual Relization of Assets and piecemeal Distribution

ICOM Part 2 Accounting Ch 9 Test
ic

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)

Sr. # Questions Answers Choice
1 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
2 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
3 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
4 The term Depletion is used with reference to.
  • A. Tangible assets
  • B. Intangible assets
  • C. Current assets
  • D. Fixex assets
5 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
6 Depreciation arise because of
  • A. Due to fall in the market value of fixex assets
  • B. Due to physical wear and tear of the assets
  • C. Due to fall in the market value
  • D. None of these
7 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
8 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
9 The process of writing of intengible assets patent right, good will etc is called.
  • A. Depreciation
  • B. Fluctuaton
  • C. Amorization
  • D. depletion
10 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

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

M

Maria Mughal

Lahore29 - Jun - 2022

8/15
02 Mins 20 Sec
H

Hamza Abid

Abbottabad28 - Jun - 2022

8/15
10 Mins 50 Sec

Share your comments questions here
Sort By:
X

Sign in

to continue to ilmkidunya.com

inquiry-image

Free Admission Advice

Fill the form. Our admission consultants will call you with admission options.

X

Sign in

to continue to ilmkidunya.com

X

Sign in

to continue to ilmkidunya.com

X

Forgot Password

to continue to ilmkidunya.com

X

Register Type

Please Provide following information to Register

  • Student
  • Tutor
  • Consultant
  • Employer