QUIZ : PRINCIPLES OF ACCOUNTING - BS Statistics IV SEMESTER
Accounting Principles Challenge
Test your knowledge on fundamental accounting principles with our engaging quiz designed for students and enthusiasts alike. This quiz covers various topics including depreciation, asset management, and valuation methods.
- 9 thought-provoking questions
- Multiple-choice format for easy answering
- Perfect for revision before exams
Reduction in the value of a fixed set over time is called as:
Quotation
Depreciation
Valuation
Relational
Reducing balance method of depreciation is also called
Depriving balance method
Diminishing balance method
Devaluation balance method
Straight line method
To provide for the consumption of an asset of a wasting character is called as provision for
Deprecaiton
Exhaustion
Depletion
Sum
There is a fixed deprecation expense each year in
Reducing balance method
Straight line method
Diminishing balance method
Sum of units method
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