MCQ Questions Class 11 Accountancy Chapter 7 Depreciation, Provisions and Reserves with Answers

Free PDF Download of CBSE Class 11 Accountancy Chapter 7 Depreciation, Provisions and Reserves Multiple Choice Questions with Answers.Based on Latest Exam Pattern. Students can solve MCQ NCERT Class 11 Accountancy Chapter 7 Depreciation, Provisions and Reserves Multiple Choice Questions with Answers to know their preparation level.

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Depreciation, Provisions and Reserves Class 11 MCQs Questions with Answers

Class 11 Accountancy Chapter 7 Depreciation, Provisions and Reserves MCQ Questions with Answers

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1. Under which depreciation method the amount of depreciation expenses remains same throughout the useful life of a fixed asset

 
 
 
 

2. Every fixed asset loses its value due to use or other reasons. This decline in the value of asset is known as

 
 
 
 

3. Depreciation is Charged on :

 
 
 
 

4. Depreciation is a process of :

 
 
 
 

5. Under Reducing Balance Method, depreciation to be charged :

 
 
 
 

6. The loss on sale of an asset is debited to:

 
 
 
 

7. At the end of the year, Depreciation Account is transferred to :

 
 
 
 

8. The depreciation charged on an asset will be credited to :

 
 
 
 

9. Depreciation charged under diminishing method

 
 
 
 

10. Following are the causes of Depreciation except

 
 
 
 

11. Provision is created by debiting :

 
 
 
 

12. What is depreciation?

 
 
 
 

13. Following are the causes of Depreciation except

 
 
 
 

14. An alternative term used for accumulated depreciation expenses?

 
 
 
 

15. Depreciation helps in determining

 
 
 
 

16. Which of the following methods of depreciation is not recognized by Income Tax Law?

 
 
 
 

17. General Reserves are shown in :

 
 
 
 

18. According to Companies Act, 1956 Secret Reserves can be created by:

 
 
 
 

19. Which of the following is not a type of reserve

 
 
 
 

20. What is the rate of charging depreciation under diminishing method?

 
 
 
 

21. Dividend Equalisation Reserve is :

 
 
 
 

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