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DP
Question Practice

Reserves that are created for a specific purpose are known as:

Attempt the question, check the explanation, and continue with similar questions to build confidence before exams.

MCQ_SA
CBSE
Class 11
Accountancy
Financial Accounting - I
Depreciation, Provisions and Reserves
Question Bank

Reserves that are created for ...

Single Answer MCQ
Q-00054370

Reserves that are created for a specific purpose are known as:

1

General reserves

2

Specific reserves

3

Secret reserves

4

Revenue reserves

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Q1.

What is depreciation?

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Q2.

Which method calculates depreciation as a fixed percentage of the book value each year?

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Q3.

What factor does NOT affect the calculation of depreciation?

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Q4.

What is the salvage value in relation to depreciation?

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