Depreciation Provisions and Reserves Class 11 MCQ | Accountancy Quiz for Class 11 and Other Competitive Exams

Depreciation Provisions and Reserves Class 11 MCQ: Check the below NCERT MCQ Questions for Accountancy Depreciation Provisions and Reserves Class 11 MCQ with Answers Pdf free download. Depreciation Provisions and Reserves Class 11 MCQ  Questions for Accountancy with Answers were prepared based on the latest exam pattern. We have provided Depreciation Provisions and Reserves Class 11 Questions with Answers to help students understand the concept very well.

Depreciation Provisions and Reserves Class 11 MCQ

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1. Provision is created by debiting _______.
(a) Profit and loss account
(b) Trading account
(c) Profit and loss appropriation account
(d) None of the above

2. Asset disposal A/c is prepared when _______.
(a) Provision for depreciation A/c is prepared
(b) Asset A/c is prepared
(c) Profit and loss A/c is prepared
(d) Depreciation A/c is prepared

3. Depreciation is charged on _________.
(a) Current assets
(b) Fixed tangible assets
(c) Both current and fixed assets
(d) None of the above

4. 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

5. 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

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