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Depreciation, Provisions and Reserves

Madhya Pradesh Board · Class 11 · Accountancy

Step-by-step guide to study Depreciation, Provisions and Reserves in Madhya Pradesh Board Class 11 Accountancy. Topics to cover, practice strategy, and time allocation.

155 questions76 flashcards5 concepts

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Study Plan

1
Day 1–2

Learn the Theory

Read the textbook chapter carefully. Note down definitions, formulas, and key concepts.

2
Day 3

Practice Problems

Solve textbook exercises and additional practice questions. There are 155 questions available for this chapter.

3
Day 4

Revise & Test

Revise key formulas and concepts without looking at notes. Take a practice quiz to test your understanding. Mark weak areas for re-revision.

4
Day 7

Spaced Revision

Revisit Depreciation, Provisions and Reserves after a week. Use flashcards for quick recall. Solve previous year questions from this chapter.

What to Focus On

  • Depreciation applies to fixed or depreciable assets only.
  • It is charged on cost, not on market value.
  • It is a non-cash expense.

  • Depletion is for mines, quarries, and similar natural resources.
  • Depreciation is for tangible fixed assets.
  • Amortisation is for intangible assets.

  • Wear and tear is a common cause of depreciation.
  • Obsolescence can reduce value even without use.
  • Depreciation helps compute true profit.

Common Mistakes to Avoid

Depreciation is a fall in market value, so it should be based on the market price of the asset.

Depreciation is charged on current assets as well as fixed assets.

Depletion is another word for depreciation of intangible assets.

Memory Tips

Meaning of depreciation

AS-6 factors affecting depreciation amount

Cost of a fixed asset under AS-6

Useful life of an asset

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Frequently Asked Questions

What are the important topics in Depreciation, Provisions and Reserves for Madhya Pradesh Board Class 11 Accountancy?
Depreciation, Provisions and Reserves covers several key topics that are frequently asked in Madhya Pradesh Board Class 11 board exams. Focus on the core concepts listed on this page and practise related questions to build confidence.
How to score full marks in Depreciation, Provisions and Reserves — Madhya Pradesh Board Class 11 Accountancy?
Understand the core concepts first, then work through the 155 practice questions available for this chapter. Revise formulas and definitions regularly, and use flashcards for quick recall before the exam.

Sources & Official References

Content is aligned to the official syllabus. Refer to the board website for the latest curriculum.

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