Please refer to Depreciation Provisions and Reserves MCQ Questions Class 11 Accountancy below. These MCQ questions for Class 11 Accountancy with answers have been designed as per the latest NCERT, CBSE books, and syllabus issued for the current academic year. These objective questions for Depreciation Provisions and Reserves will help you to prepare for the exams and get more marks.
Depreciation Provisions and Reserves MCQ Questions Class 11 Accountancy
Please see solved MCQ Questions for Depreciation Provisions and Reserves in Class 11 Accountancy. All questions and answers have been prepared by expert faculty of standard 11 based on the latest examination guidelines.
MCQ Questions Class 11 Accountancy Depreciation Provisions and Reserves
Fill in the correct words
Question. Installation, freight and transport expenses are a part of ……………….
Answer : Acquisition cost
Question. Reserve created for maintaining a stable.rate of dividend is termed as ………………….
Answer : Dividend Equilisation Fund
State whether the following statements are True or False.
Question. Depreciation is also charged on current assets.
Answer : False
Question. The main cause of depreciation is wear and tear caused by its usage.
Answer : True
Question. Depletion term is used in case of intangible assets.
Answer : False
Question. When market value of an asset is higher than book value, depreciation is not charged.
Answer : False
Question. If adequate maintenance expenditure is incurred, depreciation need not be charged.
Answer : False
