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Question-1
Depreciation is charges on --------- assets only
(A)
Intangible
(B)
Tangible
(C)
Wasting
(D)
None of these
Question-2
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-3
Assets acquired for prolonged use are known as ------------ assets
(A)
Current
(B)
Fixed
(C)
Tangible
(D)
Intangible
Question-4
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
Question-5
The term depreciation is used in relation to
(A)
Fixed assets
(B)
Current assets
(C)
Wasting Assets
(D)
Intangible assets
Question-6
Increase or decrease in the value of current assets is
(A)
Depreciation
(B)
Fluctuation
(C)
Depletion
(D)
Obsolescence
Question-7
.--------------- cannot be correctly calculated under depreciation on fixed assets is duly charged as a business expenses
(A)
Net profit
(B)
Gross profit
(C)
Financial leverage
(D)
None of these
Question-8
Depreciation arises because of
(A)
Fall in the market value of an asset
(B)
Physical wear and tear
(C)
Fluctuation
(D)
Deflation
Question-9
Depreciation refers to a --------- is the value of tangible assets
(A)
Change
(B)
Decrease
(C)
Fluctuation
(D)
None of these
Question-10
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
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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
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