Smartindia Classroom
CONTENTS
Accountancy
Business Studies
Computer Science
English I
Economics
English II
Back to home
Start Practice
Question-1
The term depreciation is used in relation to
(A)
Fixed assets
(B)
Current assets
(C)
Wasting Assets
(D)
Intangible assets
Question-2
Under -------- method of depreciation, the amount of depreciation goes on decreasing year after year
(A)
Diminishing balance
(B)
Annuity
(C)
Fixed installment
(D)
None of these
Question-3
Depreciation is the process of
(A)
Valuation
(B)
Allocation
(C)
Both of these
(D)
None of these
Question-4
Under written down value method the rate of charging depreciation year after year---------
(A)
Increases
(B)
Decreases
(C)
Remains constant
(D)
None of these
Question-5
Find the odd one and state the reasons
(A)
Copyright
(B)
Patent
(C)
Trademark
(D)
Machinery
Question-6
Under which of the following methods amount of depreciation on a fixed assets remain constant year after year
(A)
Fixed installment method
(B)
Annuity method
(C)
Sinking fund method
(D)
All of these
Question-7
Depreciation arises because of
(A)
Fall in the market value of an asset
(B)
Physical wear and tear
(C)
Fluctuation
(D)
Deflation
Question-8
----------- refers to writing off the cost of intangible assets like patents, copyright, trademarks, franchisers, leasehold mines which have entitlements to the use for a specified period of time
(A)
Amortization
(B)
Depletion
(C)
None of these
(D)
Both of these
Question-9
This term is used to write off intangible assets such as patents, copyrights etc. Identity the term.
(A)
Amortization
(B)
Depletion
(C)
Depreciation
(D)
Fluctuations
Question-10
Find out the odd one and state reason
(A)
Profit on sale of fixed assets
(B)
Profit on revaluation of fixed assets
(C)
Profit on sale of goods
(D)
Profit on redemption of debentures
Your Score 0/10
Click
here
to see your answersheet and detailed track records.
Plus 1 Commerce
ICSE/ISC
Practice in Related Chapters
Introduction Of Accounting
Concepts, Standards And Basis
Classification Of Accounts Under Double Entry System And Accounting Equation
Ledger
Trial Balance
Final Accounts Or (Financial Statements)
Journal
Sub-Division Of Journal : Cash Book
Sub-Division Of Journal : Specified purpose Subsidiary
Bank Reconciliation Statement
Rectification Of Errors
Capital And Revenue Expenditure/Income
Depreciation Accounting
Provisions And Reserves
Single Entry System : Accounts From Incomplete Records
Accounts of Non Trading Organization
Bills of Exchange
Introduction To The Use Of Computers In Accounting
Accounting concepts,standards and basis
Introduction to Accounting
Depreciation, Provision and Reserves
Trial Balance and Rectification of Errors
Depreciation, Provision and Reserves
Powered By
