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11th Standard English Medium Accountancy Subject Depreciation Accounting Creative 1 Mark Questions with Solution Part - I Question Bank Software Jun-28 , 2021

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11th Standard English Medium Accountancy Subject Depreciation Accounting Creative 1 Mark Questions with Solution Part - I

11th Standard English Medium Accountancy Subject Depreciation Accounting Creative 1 Mark Questions with Solution Part - I

11th Standard

    Reg.No. :
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Accountancy

Time : 00:30:00 Hrs
Total Marks : 5
    5 x 1 = 5

  1. In every business, certain ____________ assets are usedfor the conduct' of business operations.

    (a)

    fixed

    (b)

    current

    (c)

    tangible

    (d)

    intangible

  2. The assets that are not depreciated are referred to as ___________ assets.

    (a)

    depreciable

    (b)

    non-depreciable

    (c)

    both

    (d)

    none of these

  3. _________ is a non-depreciable asset.

    (a)

    Building

    (b)

    Machinery

    (c)

    Land

    (d)

    Vehicle

  4. ____________ is a statement of financial position of a business.

    (a)

    Trading account

    (b)

    Profit and loss account

    (c)

    Balance sheet

    (d)

    Trial balance

  5. The written down value is the true value of ________ assets

    (a)

    fixed

    (b)

    current

    (c)

    tangible

    (d)

    intangible

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