
accounting starter
Authored by Nurah bint khaild
Other
10th - 11th Grade
Used 3+ times

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6 questions
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1.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
what is this purpose of making provisions for depreciation
to make a provision for repairs
to make cash availble to replace fixed assets
to show the current market value of the asset
to charge the cost of usage of asset against profit
2.
MULTIPLE CHOICE QUESTION
10 sec • 1 pt
in the accounting records, the fixed assets are normally recorded
at cost
at book value
at scrap value
at replacement value
3.
MULTIPLE CHOICE QUESTION
10 sec • 1 pt
which of these is NOT a depreciation method
straight line method
reducing balance method
breakeven method
diminishing method
4.
MULTIPLE CHOICE QUESTION
10 sec • 1 pt
full depreciation in the year of purchase and no depreciation charged in the year of sale
true
false
5.
MULTIPLE CHOICE QUESTION
10 sec • 1 pt
what method is used to depreciate tools and crates
straight line method
revaluation method
diminishing balance method
reducing balance method
6.
MULTIPLE CHOICE QUESTION
10 sec • 1 pt
depreciation follows
money measurment concept
going concern concept
matching concept
historical cost concept
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