11th Accountancy - Book Back Answers - Unit 10 - English Medium Guides

 

 

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Tamil Nadu Board 11th Standard Accountancy - Unit 10 : Book Back Answers and Solutions

    This post covers the book back answers and solutions for Unit 10 – Accountancy from the Tamil Nadu State Board 11th Standard textbook. These detailed answers have been carefully prepared by our expert teachers at KalviTips.com.

    We have explained each answer in a simple, easy-to-understand format, highlighting important points step by step under the relevant subtopics. Students are advised to read and memorize these subtopics thoroughly. Once you understand the main concepts, you’ll be able to connect other related points with real-life examples and confidently present them in your tests and exams.

    By going through this material, you’ll gain a strong understanding of Accountancy Unit 10 along with the corresponding book back questions and answers (PDF format).

Question Types Covered:

• 1 Mark Questions: Choose the correct answer, Fill in the blanks, Identify the correct statement, Match the following 
• 2 Mark Questions: Answer briefly 
• 3, 4, and 5 Mark Questions: Answer in detail

All answers are presented in a clear and student-friendly manner, focusing on key points to help you score full marks.

All the best, Class 11 students! Prepare well and aim for top scores. Thank you!

Unit 10 : Depreciation Accounting

I. Multiple Choice Questions.

1. Under straight line method, the amount of depreciation is
(a) Increasing every year
(b) Decreasing every year
(c) Constant for all the years
(d) Fluctuating every year
Answer Key:
(c) Constant for all the years

2. If the total charge of depreciation and maintenance cost are considered, the method that provides a uniform charge is
(a) Straight line method
(b) Diminishing balance method
(c) Annuity method
(d) Insurance policy method
Answer Key:
(b) Diminishing balance method

3. Under the written down value method of depreciation, the amount of depreciation is
(a) Uniform in all the years
(b) Decreasing every year
(c) Increasing every year
(d) None of the above
Answer Key:
(b) Decreasing every year

4. Depreciation is caused by
(a) Lapse of time
(b) Usage
(c) Obsolescence
(d) a, b and c
Answer Key:
(d) a, b and c

5. For which of the following assets, the depletion method is adopted for writing off cost of the asset?
(a) Plant and machinery
(b) Mines and quarries
(c) Buildings
(d) Trademark
Answer Key:
(b) Mines and quarries

6. A depreciable asset may suffer obsolescence due to
(a) Passage of time
(b) Wear and tear
(c) Technological changes
(d) None of the above.
Answer Key:
(c) Technological changes

7. Which method shall be efficient, if repairs and maintenance cost of an asset increases as
it grows older.
(a) Straight line method
(b) Reducing balance method
(c) Sinking fund method
(d) Annuity method
Answer Key:
(b) Reducing balance method

8. Residual value of an asset means the amount that it can fetch on sale at the  __________ of its useful life.
(a) Beginning
(b) End
(c) Middle
(d) None
Answer Key:
(b) End

9. Depreciation is to be calculated from the date when
(a) Asset is put to use
(b) Purchase order is made
(c) Asset is received at business premises
(d) Invoice of assets is received
Answer Key:
(a) Asset is put to use

10. If the rate of depreciation is same, then the amount of depreciation under straight line method vis-à-vis written down value method will be
(a) Equal in all years
(b) Equal in the first year but higher in subsequent years
(c) Equal in the first year but lower in subsequent years
(d) Lower in the first year but equal in subsequent years
Answer Key:
(b) Equal in the first year but higher in subsequent years

II. Very Short Answer Questions.

a

III. Short Answer Questions.

a

IV. Answer the following questions in about a page.

a