NCERT Class 11 Accountancy MCQ : Depreciation Provisions and Reserves
Embark on a financial expedition through our MCQs page dedicated to ‘Depreciation, Provisions, and Reserves.’ Curated from a diverse array of previous year papers, including esteemed sectors like UPSC IAS and more, this resource invites you to delve into the intricate world of financial management, exploring the critical concepts that contribute to the resilience and sustainability of businesses.
These Multiple Choice Questions are meticulously crafted to challenge and enhance your understanding of depreciation methods, financial provisions, and the strategic use of reserves. Whether you’re a finance enthusiast or preparing for competitive exams, these questions offer a strategic approach to mastering the intricacies of these essential financial elements.
Prepare confidently for exams with questions sourced from various sectors, ensuring a well-rounded grasp of the nuanced interactions between asset valuation, risk management, and financial sustainability. Each MCQ serves as a key to unlocking insights into the diverse aspects of financial resilience, mirroring the depth of knowledge required for success in competitive examinations.
Immerse yourself in the financial wonders of depreciation, provisions, and reserves, confident in your ability to navigate through MCQs that mirror the intricacies of financial decision-making. Our resource, drawn from previous year papers, acts as a roadmap for exam success, offering both knowledge enrichment and strategic insights.
NCERT Class 11 Accountancy : Depreciation Provisions and Reserves MCQ – NCERT Class 11 MCQ
Question:
Which of the following methods of depreciation is not recognized by Income Tax Law?
A
B
C
D
Question:
Asset Disposal A/c is prepared when :
A
B
C
D
Question:
Which of the following is the example of Capital Reserve?
A
B
C
D
Question:
Which of the following is the example of Revenue Reserve?
A
B
C
D
Question:
Dividend Equalisation Reserve is :
A
B
C
D
Question:
General Reserves are shown in :
A
B
C
D
Question:
According to Companies Act, 1956 Secret Reserves can be created by:
A
B
C
D
Question:
The loss on sale of an asset is debited to:
A
B
C
D
Question:
Depreciation is Charged on :
A
B
C
D
Question:
At the end of the year, Depreciation Account is transferred to :
A
B
C
D
Question:
Provision is created by debiting :
A
B
C
D
Question:
The cause of Depreciation is :
A
B
C
D
Question:
Depreciation is a process of :
A
B
C
D
Question:
Under Reducing Balance Method, depreciation to be charged :
A
B
C
D
Question:
The depreciation charged on an asset will be credited to :
A
B
C
D
Question:
Every fixed asset loses its value due to use or other reasons. This decline in the value of asset is known as
A
B
C
D
Question:
Following are the causes of Depreciation except
A
B
C
D
Question:
Following are the causes of Depreciation except
A
B
C
D
Question:
An alternative term used for accumulated depreciation expenses?
