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Free Online MCQs for Class – 11 Accountancy Chapter 17 – Provisions and Reserves

Free Online MCQs for CBSE Class – 11 Accountancy Chapter 17 – Provisions and Reserves with Answers. Free Online MCQs Questions for Class 11 Accountancy with Answers was Prepared Based on Latest Exam Pattern for academic session 2020-21. Students can solve NCERT Class 11 Accountancy Chapter – 17 Provisions and Reserves Multiple Choice Questions with Answers to know their preparation level on Success Roar Classes Website itself.

Free Online MCQs for Class -11 Accountancy

Chapter – 17 Provisions and Reserves with Answers

  1. Provision is created by debiting :
    1. Profit and Loss Account
    2. None of these
    3. Profit and Loss Appropriation Account
    4. Trading Account
  2. Provision is created by debiting :
    1. Profit and Loss Account
    2. None of these
    3. Profit and Loss Appropriation Account
    4. Trading Account
  3. Provision is created by debiting :
    1. Profit and Loss Account
    2. None of these
    3. Profit and Loss Appropriation Account
    4. Trading Account
  4. Provision is created by debiting :
    1. Profit and Loss Account
    2. None of these
    3. Profit and Loss Appropriation Account
    4. Trading Account
  5. Provision is created by debiting :
    1. Profit and Loss Account
    2. None of these
    3. Profit and Loss Appropriation Account
    4. Trading Account
  6. Provision is created by debiting :
    1. Profit and Loss Account
    2. None of these
    3. Profit and Loss Appropriation Account
    4. Trading Account
  7. Reserves are created out of
    1. Normal profits
    2. Divisible profits
    3. Net profit
    4. All of the above
  8. Dividend Equalization Reserve is a
    1. General Reserve
    2. Secret Reserve
    3. Specific Reserve
    4. None of the above
  9. …………..may be invested outside the business to earn income
    1. Depreciation
    2. Reserves
    3. Provisions
    4. All of the above
  10. Capital profit is
    1. Profit from sale of goods
    2. Profit from sale of marketable securities
    3. Profit from sale of long term investment
    4. Both b & c

MCQs Questions of Class – 11 Accountancy Chapter 17 – Provisions and Reserves

Answer Key

  1. (a)  2. (c)  3. (C)  4. (a)  5. (d)  6. (b)  7. (d)  8. (c)  9. (b)  10. (c)

Practice More: Chapter 25 – Introduction to Accounting Information System

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Accounts Definition

Thanks for sharing MCQ questions of accountancy.

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