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Free MCQ’s Quiz on Class 11 Accountancy Chapter 7 – Depreciation, Provisions and Reserves – Set 1

Free MCQ’s Quiz for Class 11 Accountancy Chapter 7 – Depreciation, Provisions and Reserves with Answers is prepared based on the latest CBSE Exam Pattern for the Academic Session. Students can solve NCERT based Class 11th Accountancy – ‘Depreciation, Provisions and Reserves’ Multiple Choice Questions with Answers to know their preparation level on the Success Roar Classes website.

Here, we have provided Free MCQ’s Quiz on Class 11 Accountancy Chapter 7 – Depreciation, Provisions and Reserves. Depreciation, Provisions and Reserves is divided into two parts since it deals with two different topics. The first part is all about depreciation, while the second is about provision and reserve.

To make you perfect in this topic – Depreciation, Provisions and Reserves, we are here with a set of MCQs Quiz that will help you in brushing up the understanding of the concepts.

Free MCQ’s on Depreciation, Provisions and Reserves

Each set of MCQ’s consists of 10 Questions and you can see the results immediately after submitting the Set.

Free MCQ’s on Depreciation, Provisions and Reserves

Each set of MCQ’s consists of 10 Questions and you can see the results immediately after submitting the Set.

Results

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#1. Asset Disposal A/c is prepared when

#2. According to the Income Tax Act, which type of depreciation is acceptable?

#3. Depreciation is a decrease in the value of ____.

#4. Installation, freight, and transport expenses are a part of _____.

#5. Depreciation amount can be calculated using the ____.

#6. When the total depreciation charged exceeds the total depreciable cost, a ____ is created.

#7. From the following, which one example is a Capital Reserve?

#8. General Reserves are shown in which account?

#9. The loss upon a sale of an asset is debited to:

#10. Depreciation is a process of:

Finish

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