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.

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. An alternative term used for accumulated depreciation expenses?

 
 
 
 

2. Dividend Equalisation Reserve is :

 
 
 
 

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

 
 
 
 

4. General Reserves are shown in :

 
 
 
 

5. Provision is created by debiting :

 
 
 
 

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

 
 
 
 

7. Depreciation charged under diminishing method

 
 
 
 

8. Depreciation is a process of :

 
 
 
 

9. Following are the causes of Depreciation except

 
 
 
 

10. Depreciation is Charged on :

 
 
 
 

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

 
 
 
 

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

 
 
 
 

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

 
 
 
 

14. What is depreciation?

 
 
 
 

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

 
 
 
 

16. Following are the causes of Depreciation except

 
 
 
 

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

 
 
 
 

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

 
 
 
 

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

 
 
 
 

20. Depreciation helps in determining

 
 
 
 

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

 
 
 
 

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