Depreciation Accounting Three Marks Questions

11th Standard

    Reg.No. :
  •  
  •  
  •  
  •  
  •  
  •  

Accountancy

Time : 00:45:00 Hrs
Total Marks : 30
    10 x 3 = 30
  1. Write a short note on - Insurance Policy Method

  2. Write a short note on - Revaluation Method :

  3. Write a short note on Machine hour rate method.

  4. What are the Factors determining the amount of depreciation?

  5. M/s. Shankar & Co. purchased a machinery on 01-01-2012 for Rs 10,00,000. The firm writes off depreciation at 10% on the original cost every year. The books are closed on 31st March every year. Pass the necessary journal entries.

  6. A Motor car was purchased on 1st January, 2013 for Rs 25,000, depreciated at 10% on diminishing balance method. It was ,sold for Rs 16,500 on 3st December, 2015, Prepare motor car· account. The accounts are closed on 31st December every year.

  7. A furniture costing Rs 5,000 has been purchased on 1.1;2011,the installation charges being Rs 1,000. The furniture is to be depreciated @10% p.a on the diminishing balance method. Show the furniture account and depreciation account for the first three years.

  8. Sunil & company purchased a fixed asset on 1.4.2002 for Rs 5,00,000. Depreciation is to be provided @ 15% per annum according to straight line method. The books are closed on 31st March every year. Prepare fixed asset account and depreciation account for three years.

  9. Write a note on sum of years of digits method.

  10. What is Depletion method?

*****************************************

TN 11th Standard Accountancy free Online practice tests

Reviews & Comments about 11th Standard Accountancy - Depreciation Accounting Three Marks Questions

Write your Comment