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

1. Which of the following methods of depreciation is not recognized by Income Tax Law?
(a) Straight line Method
(b) Diminishing Balance Method
(c) Both “a” & “b”
(d) None of these

2. Asset Disposal A/c is prepared when :
(a) Provision for Depreciation A/c is prepared
(b) Asset A/c is prepared
(c) Profit & Loss A/c is prepared
(d) Depreciation A/c is prepared

3. Which of the following is the example of Capital Reserve?
(a) Workmen’s Compensation Fund
(b) None of these
(c) Premium Received on issue of shares or debentures
(d) General Reserve

4. Which of the following is the example of Revenue Reserve?
(a) Profit on Redemption of Debentures
(b) Profit on Revaluation of Fixed
(c) Investment Fluctuation Fund
(d) Profit on Re-issue of forfeited shares

5. Dividend Equalisation Reserve is :
(a) Specific Reserve
(b) General Reserve
(c) Secret Reserve
(d) None of these

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By Team Learning Mantras