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11th Standard English Medium Accountancy Subject Depreciation Accounting Creative 2 Mark Questions with Solution Part - II Question Bank Software Jun-29 , 2021

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Creative Questions in class 11 Accountancy Subject. It will helps to get more idea about question pattern in  every Creative questions with  solution.

11th Standard English Medium Accountancy Subject Depreciation Accounting Creative 2 Mark Questions with Solution Part - II

11th Standard English Medium Accountancy Subject Depreciation Accounting Creative 2 Mark Questions with Solution Part - II

11th Standard

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Accountancy

Time : 00:30:00 Hrs
Total Marks : 10
    5 x 2 = 10

  1. What is scrap value of an asset?

  2. What do you mean by a depreciable asset? 

  3. State any two merits of Straight line method.

  4. An asset was purchased for Rs. 1,00,000. The rate of depreciation is 10% per annum. Calculate the annual depreciation for the first two years under the diminishing balance method .

  5. A machine was purchased for Rs. 1,00,000 on 1st January, 2012. It was decided to depreciate it at 10% per annuin under straight line method. Prepare machinery account for 3 years. Accounts are closed on 31st December, each year.

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