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

 
 
 
 

2. Depreciation charged under diminishing method

 
 
 
 

3. Dividend Equalisation Reserve is :

 
 
 
 

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

 
 
 
 

5. General Reserves are shown in :

 
 
 
 

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

 
 
 
 

7. Depreciation is Charged on :

 
 
 
 

8. Following are the causes of Depreciation except

 
 
 
 

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

 
 
 
 

10. Following are the causes of Depreciation except

 
 
 
 

11. Provision is created by debiting :

 
 
 
 

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

 
 
 
 

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

 
 
 
 

14. Depreciation is a process of :

 
 
 
 

15. An alternative term used for accumulated depreciation expenses?

 
 
 
 

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

 
 
 
 

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

 
 
 
 

18. Depreciation helps in determining

 
 
 
 

19. What is depreciation?

 
 
 
 

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

 
 
 
 

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

 
 
 
 

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