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Class 11 Accountancy: Depreciation, Provisions and Reserves — Chapter Test 1

Class 11 • Accountancy • Depreciation, Provisions and Reserves • Chapter Test

MediumFREE

15

Questions

20 min

Duration

15

Marks (1 each)

No

Negative marking

Original practice questions with full solutions by ExamPortal.

Instructions

  • • Read each question carefully and pick the correct answer.
  • • You can mark questions for review and come back to them.
  • • Answers are saved automatically.
  • • The test is submitted automatically when time runs out.

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SYLLABUS & QUESTION BLUEPRINT

Sample Practice Questions

Preview 5 sample questions from this 15-question test. Test your knowledge below or take the full exam in timed CBT mode.

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Question 1 of 15
Depreciation is the:
A
increase in value of an asset
B
decrease in value of fixed assets due to use, time or obsolescence
C
sale of an asset
D
cost of repairs
View Correct Answer & Step-by-Step Solution
Correct Option:(B)decrease in value of fixed assets due to use, time or obsolescence

Detailed explanation is available inside the official test attempt review.

Question 2 of 15
Under the straight line method, depreciation is:
A
decreasing every year
B
the same every year
C
increasing every year
D
zero
View Correct Answer & Step-by-Step Solution
Correct Option:(B)the same every year

Detailed explanation is available inside the official test attempt review.

Question 3 of 15
Under the written down value method, depreciation:
A
is equal each year
B
decreases each year
C
increases each year
D
is zero
View Correct Answer & Step-by-Step Solution
Correct Option:(B)decreases each year

Detailed explanation is available inside the official test attempt review.

Question 4 of 15
A machine costs ₹1,00,000, scrap value ₹10,000, life 9 years. Annual depreciation (SLM) is:
A
₹10,000
B
₹11,111
C
₹9,000
D
₹12,000
View Correct Answer & Step-by-Step Solution
Correct Option:(A)₹10,000

Detailed explanation is available inside the official test attempt review.

Question 5 of 15
A machine costing ₹50,000 is depreciated at 10% p.a. (WDV). Depreciation for year 2 is:
A
₹5,000
B
₹4,500
C
₹4,000
D
₹5,500
View Correct Answer & Step-by-Step Solution
Correct Option:(B)₹4,500

Detailed explanation is available inside the official test attempt review.

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Frequently asked questions

How many questions are there in Class 11 Accountancy: Depreciation, Provisions and Reserves — Chapter Test 1?

There are 15 questions to answer in 20 min. Each correct answer gives 1 mark, for a total of 15 marks.

Is there negative marking?

No. Wrong answers do not lose marks, so attempt every question.

Is this mock test free?

Yes, it is completely free. Just log in with your email to start.

What does this test cover?

It covers the chapter "Depreciation, Provisions and Reserves" of Class 11 Accountancy. All questions are original, with a full solution for each.

Will I see my result and the solutions?

Yes. Right after you submit you get your score, accuracy, rank and percentile, and you can review every question with the correct answer and a step-by-step explanation.

Can I take this test again?

Yes, you can retake it as many times as you like and compare your scores.