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. General Reserves are shown in :
(a) Revaluation Account
(b) Profit and Loss Account
(c) Balance Sheet
(d) None of these

2. According to Companies Act, 1956 Secret Reserves can be created by:
(a) Only Private Company
(b) Banking and insurance companies
(c) Only Public Company
(d) Companies Registered under Companies Act

3. The loss on sale of an asset is debited to:
(a) Profit and Loss Account
(b) Trial Balance Cr. Side
(c) Balance Sheet
(d) Trading Account

4. Depreciation is Charged on :
(a) Current Assets
(b) Fixed Tangible Assets
(c) None of these
(d) Both Current and Fixed Assets

5. At the end of the year, Depreciation Account is transferred to :
(a) Balance Sheet
(b) Trading Account
(c) Profit & Loss Appropriation Account
(d) Profit & Loss Account

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By Team Learning Mantras