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Uttarakhand Board of School Education Class XI Accountancy Set 02 (Advanced Level) English Medium 100% Free Practice Test

Uttarakhand Board of School Education Class XI Accountancy: Depreciation, Provisions & Reserves Online Test (Set 02 (Advanced Level)) | TargetExams

Depreciation, Provisions & Reserves — Set 02 (Advanced Level)

Take free online mock test for Uttarakhand Board of School Education Class XI Accountancy chapter 'Depreciation, Provisions & Reserves'. 20 MCQs, 20 minutes, detailed solutions & score analysis.

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20 MCQs
Questions
⏱️
20 Mins
Duration
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20 Marks
Total Marks
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+1.0
Per Correct
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0.0
Negative Mark
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English
Language
Start Test Now (English Medium)
Instant Scorecard Step-by-Step Solutions UBSE Pattern

Chapter Study Guide & In-Depth Notes

Master the key concepts, vocabulary, and high-yield questions before starting the test.

3 Sections

Chapter Overview & Core Concepts: Depreciation, Provisions & Reserves

Class 11 Study Guide

Mastering Depreciation, Provisions & Reserves in Class 11 provides critical subject intuition, analytical skills, and examination readiness.

Examinations test fundamental principles, definitions, cause-and-effect reasoning, and real-world applications under timed conditions.

Core Moral & Key Takeaway:

Grasping core concepts and practicing with timed chapter-wise CBT tests guarantees top performance in board exams.

Key Terminology, Definitions & Principles

Glossary & Concepts
Term / Formula Type Definition / Meaning Explanation / Notes Example / Usage
Core Concept Principle Primary concept governing Depreciation, Provisions & Reserves. मुख्य सिद्धांत "Understand and apply the principle accurately."
Analytical Deduction Skill Evaluating evidence to draw correct conclusions. तार्किक विश्लेषण "Examine question clues systematically."

Key Features & Devices Explored:

Systematic Elimination
Eliminate distractor choices before selecting the best answer.
Pacing & Accuracy
Complete each question within 60 seconds to maintain steady momentum.

High-Yield Revision Points & Solved Board Exam Q&A

Revision Notes
⚡ High-Yield Exam Takeaways:
  • Review all key textbook terms, definitions, and formulas.
  • Pay attention to units, boundary values, and key keywords in questions.
  • Solve Foundation Set 01 to build confidence, followed by Advanced Set 02 for exam excellence.
Frequently Asked Questions & Model Answers:
Q1 How should students prepare for Depreciation, Provisions & Reserves exams?
Answer: Read the chapter thoroughly, practice step-by-step solved examples, memorize key definitions, and evaluate preparation using timed online CBT mock tests.

Sample Questions Preview

Free Sneak Peek

Here is a sneak peek of the questions included in this test set. Test your preparation by viewing the answer and detailed explanation before starting the timed exam.

Q1
A machine was purchased on 1st April 2024 for ₹2,00,000. Depreciation is charged @ 10% p.a. on the Written Down Value (WDV) method. On 1st October 2026, the machine was sold for ₹1,40,000. What is the Profit or Loss on the sale of the machine?
1 अप्रैल 2024 को ₹2,00,000 में एक मशीन खरीदी गई थी। मूल्यह्रास 10% प्रति वर्ष की दर से लिया जाता है। लिखित डाउन वैल्यू (डब्ल्यूडीवी) पद्धति पर। 1 अक्टूबर 2026 को मशीन ₹1,40,000 में बेची गई। मशीन की बिक्री पर लाभ या हानि क्या है?
A
Profit on Sale of Machinery: ₹13,900मशीनरी की बिक्री पर लाभ: ₹13,900
B
Loss on Sale of Machinery: ₹22,000मशीनरी की बिक्री पर हानि: ₹22,000
C
Loss on Sale of Machinery: ₹13,900मशीनरी की बिक्री पर हानि: ₹13,900
D
Profit on Sale of Machinery: ₹5,000मशीनरी की बिक्री पर लाभ: ₹5,000
Correct Answer: Option C
Explanation:
- 2024-25 (Full Year): Dep = 10% of 2,00,000 = 20,000 ⇒ WDV on 01/04/25 = 1,80,000 - 2025-26 (Full Year): Dep = 10% of 1,80,000 = 18,000 ⇒ WDV on 01/04/26 = 1,62,000 - 2026-27 (6 Months to 01/10/26): Dep = 1,62,000 × 10% × 6/12 = 8,100 ⇒ WDV on date of sale = 1,62,000 - 8,100 = 1,53,900. Sale Price = ₹1,40,000. Loss on Sale = 1,53,900 - 1,40,000 = 13,900.
- 2024-25 (पूरा वर्ष): Dep = 2,00,000 का 10% = 20,000 ⇒ 01/04/25 को WDV = 1,80,000 - 2025-26 (पूरा वर्ष): Dep = 1,80,000 का 10% = 18,000 ⇒ 01/04/26 को WDV = 1,62,000 - 2026-27 (6 महीने से 01/10/26 तक): डीईपी = 1,62,000 × 10% × 6/12 = 8,100 ⇒ बिक्री की तारीख पर डब्लूडीवी = 1,62,000 - 8,100 = 1,53,900। बिक्री मूल्य = ₹1,40,000. बिक्री पर हानि = 1,53,900 - 1,40,000 = 13,900।
Q2
Assertion (A): Income Tax Authorities in India officially recognize and require the Written Down Value (WDV) method of depreciation for computing business tax depreciation allowances. Reason (R): The WDV method equalizes the total annual charge to the Profit & Loss Account over asset life: higher depreciation in early years when repair costs are low, and lower depreciation in later years when repair maintenance expenses escalate.
दावा (ए): भारत में आयकर अधिकारी आधिकारिक तौर पर व्यापार कर मूल्यह्रास भत्ते की गणना के लिए मूल्यह्रास की लिखित डाउन वैल्यू (डब्ल्यूडीवी) विधि को मान्यता देते हैं और इसकी आवश्यकता होती है। कारण (आर): डब्लूडीवी विधि परिसंपत्ति जीवन पर लाभ और हानि खाते के कुल वार्षिक शुल्क को बराबर करती है: शुरुआती वर्षों में उच्च मूल्यह्रास जब मरम्मत लागत कम होती है, और बाद के वर्षों में कम मूल्यह्रास जब मरम्मत रखरखाव खर्च बढ़ता है।
A
Both (A) and (R) are true and (R) is the correct explanation of (A)(ए) और (आर) दोनों सत्य हैं और (आर) (ए)
B
Both (A) and (R) are true but (R) is not the correct explanation of (A)का सही स्पष्टीकरण है (ए) और (आर) दोनों सत्य हैं लेकिन (आर) (ए)
C
(A) is true but (R) is falseका सही स्पष्टीकरण नहीं है (ए) सच है लेकिन (आर) गलत है
D
(A) is false but (R) is true(ए) गलत है लेकिन (आर) सच है
Correct Answer: Option A
Explanation:
WDV creates a balanced combined burden (Depreciation + Repairs) over asset life, making it the preferred standard under Indian Income Tax rules (Block of Assets).
WDV परिसंपत्ति जीवन पर एक संतुलित संयुक्त बोझ (मूल्यह्रास + मरम्मत) बनाता है, जिससे यह भारतीय आयकर नियमों (संपत्तियों का ब्लॉक) के तहत पसंदीदा मानक बन जाता है।

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समय प्रबंधन एवं गति नियंत्रण

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Mastery of the Elimination Technique

विकल्प निष्कासन विधि में दक्षता

Top rankers in competitive exams rarely compute every problem blindly. They spot subtle traps, evaluate extreme values, and eliminate 2 out of 4 distractors within seconds. Our 4-option sets teach critical distractor analysis.

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Immunity to Negative Marking

सटीकता और नकारात्मक अंकन से सुरक्षा

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Syllabus Concepts Evaluated in this Chapter

This test series specifically evaluates the core competencies and learning objectives outlined in the official syllabus:

  • Core definitions, fundamental theorems, and essential concepts of this chapter.
  • Step-by-step mathematical reasoning and deductive problem-solving.
  • Application of standard formulas and operations in real-world scenarios.
  • Critical examination of common exam pitfalls and misleading options.
  • Higher-order thinking skill (HOTS) questions to prepare for school examinations.
  • Speed and accuracy mastery under standard timed CBT exam conditions.

Exam Rules & Test Taking Guidelines

  • Total Questions: The test consists of exactly 20 objective type questions.
  • Time Allowed: 20 Minutes countdown timer begins as soon as the test launches.
  • Marking Scheme: +1.0 mark is awarded for each correct answer.
  • Zero Penalty: There is 0.0 negative marking for incorrect or unattempted questions.
  • Question Palette: Freely navigate between questions and flag questions for later review.
  • Review & Solutions: Access instant scorecard and full step-by-step solutions upon submission.

Frequently Asked Questions (FAQs)

Yes! Foundation Practice Set 01 for every chapter in Uttarakhand Board of School Education Class XI Accountancy is 100% free to attempt. Students can test their knowledge without any payment or hidden fees.
This page is dedicated to English Medium. You can also attempt this test in Hindi Medium by clicking the switcher at the top.
Absolutely. All 20 multiple-choice questions are strictly designed in line with the latest guidelines, covering both basic conceptual understanding and higher-order thinking skills.
The test contains 20 MCQs to be solved in 20 minutes. Each question carries +1.0 mark for a correct answer, and there is zero (0.0) negative marking for incorrect answers.
Yes. Immediately upon submitting your test, you receive a comprehensive performance summary including your total score, accuracy percentage, time spent per question, and full step-by-step explanations for all 20 questions.

Practice Sets in this Chapter

Set 01 (Foundation)

20 MCQs • 20 Mins
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Set 02 (Advanced)

20 MCQs • 20 Mins
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More Chapters in this Subject

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Depreciation, Provisions & Reserves (Set 02 (Advanced Level))
20 MCQs • 20 Mins • 100% Free Practice Test

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