Quiz – Fixed Assets – MCQ – Accounting Capital Premium

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Time Limit: Unlimited
Level: Easy to Medium
Question Type: MCQs
Passing Score: 90%
No. of Questions: 15

Quiz – Fixed Assets – MCQ

Fixed Assets are shown in _____.

Insurance premium paid to insure a fixed asset is included in its value.

_____ is usually a fixed asset.

Calculate fixed assets, if machine = 40,000, furniture = 15,000 & long-term loan = 50,000.

Vehicle bought by the owner for personal use with business money is treated as fixed asset.

Fixed Assets cannot be liquidated easily.

_____ account is debited when depreciation is charged on fixed assets.

What is another name for fixed assets?

Which of the following is not an example of fixed assets?

Which of the following is an example of fixed asset?

When a fixed asset is purchased, it is _____ in the books of buyer.

Fixed Assets may be _____.

Fixed Assets have a life of more than _____ months.

Depreciation is charged on _____ assets.

Loss on sale of fixed asset is debited to _____.

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