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. Following are the causes of Depreciation except

 
 
 
 

2. Depreciation charged under diminishing method

 
 
 
 

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

 
 
 
 

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

 
 
 
 

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

 
 
 
 

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

 
 
 
 

7. General Reserves are shown in :

 
 
 
 

8. Depreciation is a process of :

 
 
 
 

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

 
 
 
 

10. Provision is created by debiting :

 
 
 
 

11. Depreciation is Charged on :

 
 
 
 

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

 
 
 
 

13. Following are the causes of Depreciation except

 
 
 
 

14. An alternative term used for accumulated depreciation expenses?

 
 
 
 

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

 
 
 
 

16. What is depreciation?

 
 
 
 

17. Dividend Equalisation Reserve is :

 
 
 
 

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

 
 
 
 

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

 
 
 
 

20. Depreciation helps in determining

 
 
 
 

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

 
 
 
 

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