CBSE Class 11 Depreciation, Provisions and Reserves Multiple Choice Questions with Answers. MCQ Questions Class 11 Depreciation, Provisions and Reserves with Answers Is Prepared Based on Latest Exam Pattern. Students can solve NCERT MCQ questions Class 11 Depreciation, Provisions and Reserves with Answers to know their preparation level.
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MCQ Questions Class 11 Depreciation, Provisions and Reserves with Answers - Set - 2
Question 1:
Depreciation is a process of:
(a) Allocation of cost
(b) None of the above
(c) Valuation of asset
(d) Both valuation of asset and allocation of cost
Correct Answer – (A)
Question 2:
Which method of depreciation suffers from the limitation of unequal burden on profit and loss account?
(a) Fixed Instalment Method
(b) Reducing Balance Method
(c) Depletion Method
(d) Annuity method
Correct Answer – (A)
Question 3:
Every fixed asset loses its value due to use or other reasons. This decline in the value of asset is known as
(a) Amortization
(b) Provisions
(c) Depreciation
(d) Devaluation
Correct Answer – (C)
Question 4:
Under Reducing Balance Method, depreciation to be charged :
(a) Scrap Value
(b) None of these
(c) Real Value
(d) Original value
Correct Answer – (B)
Question 5:
The cause of Depreciation is :
(a) Wear and tear
(b) Obsolescence
(c) All of these
(d) Usage of Asset
Correct Answer – (C)
MCQ Questions Class 11 Depreciation, Provisions and Reserves With Answers
Question 6:
Depreciation is a process of:
(a) Allocation of cost
(b) None of the above
(c) Valuation of asset
(d) Both valuation of asset and allocation of cost
Correct Answer – (A)
Question 7:
Following are the causes of Depreciation except
(a) Wear and tear due to use or passage of time.
(b) normal factors
(c) Expiration of legal rights.
(d) Obsolescence.
Correct Answer – (B)
Question 8:
The depreciation charged on an asset will be credited to :
(a) Depreciation A/c
(b) Asset A/c
(c) Bank A/c
(d) Cash A/c
Correct Answer – (B)
Question 9:
Depreciation is a process of :
(a) Allocation
(b) Valuation
(c) None of these
(d) Depletion
Correct Answer – (A)
Question 10:
Provision is created by debiting :
(a) Profit and Loss Account
(b) None of these
(c) Profit and Loss Appropriation Account
(d) Trading Account
