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. Depreciation charged under diminishing method

 
 
 
 

3. Following are the causes of Depreciation except

 
 
 
 

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

 
 
 
 

5. Depreciation helps in determining

 
 
 
 

6. What is depreciation?

 
 
 
 

7. Following are the causes of Depreciation except

 
 
 
 

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

 
 
 
 

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

 
 
 
 

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

 
 
 
 

11. Provision is created by debiting :

 
 
 
 

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

 
 
 
 

13. General Reserves are shown in :

 
 
 
 

14. Depreciation is Charged on :

 
 
 
 

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

 
 
 
 

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

 
 
 
 

17. Depreciation is a process of :

 
 
 
 

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

 
 
 
 

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

 
 
 
 

20. Dividend Equalisation Reserve is :

 
 
 
 

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

 
 
 
 

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