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. General Reserves are shown in :

 
 
 
 

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

 
 
 
 

3. Provision is created by debiting :

 
 
 
 

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

 
 
 
 

5. Dividend Equalisation Reserve is :

 
 
 
 

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

 
 
 
 

7. Following are the causes of Depreciation except

 
 
 
 

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

 
 
 
 

9. Depreciation helps in determining

 
 
 
 

10. Depreciation is a process of :

 
 
 
 

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

 
 
 
 

12. An alternative term used for accumulated depreciation expenses?

 
 
 
 

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

 
 
 
 

14. Depreciation charged under diminishing method

 
 
 
 

15. Depreciation is Charged on :

 
 
 
 

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

 
 
 
 

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

 
 
 
 

18. Following are the causes of Depreciation except

 
 
 
 

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

 
 
 
 

20. What is depreciation?

 
 
 
 

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

 
 
 
 

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