CBSE Class 11 Accountancy Depreciation, Provisions and Reserves Quiz 2

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CBSE › Class 11 › Accountancy › Depreciation, Provisions and Reserves

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1. Provision is created by debiting :

A Profit and Loss Account B None of these C Profit and Loss Appropriation Account D Trading Account

2. The cause of Depreciation is :

A Wear and tear B Obsolescence C All of these D Usage of Asset

3. Depreciation is a process of :

A Allocation B Valuation C None of these D Depletion

4. Under Reducing Balance Method, depreciation to be charged :

A Scrap Value B None of these C Real Value D Original value

5. 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

6. 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

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.

8. Following are the causes of Depreciation except

A Natural resources B Fixed asset C Liabilities D Intangible assets

9. An alternative term used for accumulated depreciation expenses?

A Provision for depreciation B Cumulative depreciation C Targeted depreciation D Depletion

10. Depreciation charged under diminishing method

A Increase every year B Decrease every year C Increase in one year and decrease another year D Same every year

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