Multiple choice question (MCQ) for ICSE Class 11 Accountancy Chapter 7 (Depreciation, Provisions and Reserves). Practice with answer and detailed explanation.
❓ Question
Solve the following problem based on Depreciation, Provisions and Reserves.
A) Depreciation, Provisions and Reserves is directly proportional to the applied force
B) Depreciation, Provisions and Reserves remains constant under all conditions
C) Depreciation, Provisions and Reserves varies according to the fundamental principle
✓ Correct Answer
D) None of the above statements about Depreciation, Provisions and Reserves are correct
📖 Explanation
The correct answer is C because Depreciation, Provisions and Reserves follows the fundamental principle that governs its behavior under given conditions. Understanding this concept is crucial for solving related problems in this chapter.
📚 About This Chapter
This chapter covers Depreciation, Provisions and Reserves in Class 11 Accountancy. Students learn fundamental concepts and applications essential for academic success.
This MCQ tests your understanding of Depreciation, Provisions and Reserves. Practice more MCQs to strengthen your grasp of key concepts and prepare effectively for ICSE board exams.