SEBI Grade A 2024 Free Quiz – Commerce & Accountancy Questions
SEBI Grade A 2024 Free Quiz – SEBI Grade A Practice Questions Set for SEBI Grade A 2024. SEBI Grade A Commerce & Accountancy Question Set with answers Phase I & Phase II. SEBI Grade A Study Material, Books, PDFs, Free Notes, and Mock Test for of Commerce Accountancy. As we all know The Security Exchange Board of India (SEBI) has released the SEBI Grade A 2024 Notification for the recruitment of 97 Assistant Managers across the country.
If you are preparing for SEBI Grade A 2024, you will come across a section on “Commerce & Accountancy”.In this post, you will get sample questions for SEBI Grade A Commerce & Accountancy section. If you prepare this thoroughly, you can very easily crack SEBI Grade A 2024. If you want to crack SEBI Grade A 2024 exam then you should buy Best Books for SEBI Grade A 2024. Before starting the preparation for this exam you will aware of SEBI Grade A Previous Year Papers. These questions are important for SEBI Grade A Exam.
SEBI Grade A 2024 Free Quiz – Commerce & Accountancy Practice Question Set-6
1. Depreciation arises because of
- Fall in the market value of an asset
- Physical wear and tear
- Fall in the value of money
- All of the above
- None of these
2.Depreciation is a process of
- Valuation
- Allocation
- Both valuation and allocation
- All of the above
- None of These
3. Under the straight line method of providing depreciation it
- Increase every year
- Remain constant every year
- Decreases every year
- Both A & B
- None of these
4. Under the diminishing balance method depreciation it
- Increases every year
- Decreases every year
- Remain constant every year
- All of the above
- None of these
5. Under the fixed installment method of providing depreciation it is calculated on
- Original cost
- On balance amount
- On scrap value
- All of the above
- None of these
6. Under the diminishing balance method, depreciation is calculated on
- Scrap value
- On original value
- On book value
- All the above
- None of these
7.The cost of a depreciable asset = ?
- Purchase cost + estimated salvage or residual value
- Purchase cost + costs attributable to put the asset for use
- Only purchase cost of the asset
- Current market price of the asset
- None of these
8. If the estimated useful life of an asset is 10 years, the straight line depreciation rate would be
- 0.01%
- 0.1%
- 1%
- 10%
- None of these
9. Accumulated depreciation account is an example of
- Contra asset account
- Contra liability account
- Contra equity account
- Expense account
- None of these
10. The correct journal entry for recording depreciation on equipment is
- Accumulated depreciation – equipment Dr; Depreciation expense – equipment Cr
- Accumulated depreciation Dr; Equipment Cr
- Depreciation expense – equipment Dr; Accumulated depreciation – equipment Cr
- Equipment Dr; Depreciation expense Cr
- None of these
| SEBI Grade A Free Study Material- Download Free PDF | ||
| Commerce & Accountancy Practice Questions | Management Practice Questions | Finance Practice Questions |
| Companies Act Practice Questions | Costing Practice Questions | Economics Practice Questions |
Before Starting the preparation of “SEBI Grade A 2024” you should check the Syllabus and Exam Pattern of SEBI Grade A 2024. If you decided to fill out the form for SEBI Grade A 2024, then you required Study Material for SEBI Grade A 2024. Here we are given Best Books For SEBI Grade A 2024. These books are published in two parts. The SEBI Grade A Volume I Book covers (Commerce & Accountancy, Management, and Finance) and the SEBI Grade A Volume II Book covers (Costing, Companies Act 2013 & Economics).
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