Accounting Objective for B.COM students

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1. Interest in debited to the asset account:
(A) Insurance policy method
(B) Depletion method
(C) Annuity Method
(D) Depreciation fund method

2. For the replacement of asset the provision method is:
(A) Written down value method
(B) Annuity method
(C) Sinking fund method
(D) Insurance policy method

3. The profit on depreciation policy is:
(A) Profit and loss account
(B) Asset account
(C) Depreciation fund account
(D) Investment account

4. The asset always appears in the provision method of depreciation is:
(A) Market price
(B) Scrap value
(C) Global price
(D) Cost price

5. The net charge on the profit and loss account is same as:
(A) Both A and B
(B) Annuity method
(C) Depreciation fund method
(D) None of these

6. The depreciation fund method is usually known as:
(A) Annuity method
(B) Sinking fund method
(C) Depreciation method
(D) Sum of year digits method

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