Chapter 6 Depreciation, Provisions and Reserves NCERT Solutions | CBSE Class 11 Accountancy
Chapter 6 Depreciation, Provisions and Reserves NCERT Solutions: A great resource for studying for the CBSE Class 11 Accountancy exams is NCERT Solutions. The NCERT solutions are helpful for quickly understanding the topics. Depreciation, Provisions, and Reserves provides you with comprehensive information on these concepts. Students must master the fundamentals of the subject, hence the NCERT Class 11 Solutions is a complete study material that thoroughly explains each concept.
Chapter Overview – Depreciation, Provisions and Reserves
This chapter deals with some of the most crucial concepts in financial accounting:
🔹 1. Depreciation
Depreciation refers to the decrease in the value of fixed assets over time due to wear and tear, usage, or obsolescence.
Key Concepts:
- Causes of depreciation
- Methods of charging depreciation:
- Straight Line Method (SLM)
- Written Down Value Method (WDV)
- Accounting treatment of depreciation
🔹 2. Provisions
A provision is an amount set aside from a company’s profits to cover future liabilities or losses. It is charged against profits and is compulsory.
Examples:
- Provision for doubtful debts
- Provision for depreciation
- Provision for tax
🔹 3. Reserves
Reserves are a portion of profits set aside to strengthen the financial position of the business. They are created voluntarily and are shown under liabilities.
Types of Reserves:
- General Reserve
- Specific Reserve (e.g., Debenture Redemption Reserve)
Why NCERT Solutions Are Important?
- Prepared by subject experts as per the latest CBSE syllabus.
- Helps students develop a conceptual understanding.
- Improves accuracy and presentation skills for exams.
- Provides step-by-step solutions for all textbook questions.
- Boosts confidence in tackling board exam-style questions.
Download Chapter 6 Depreciation Provisions and Reserves NCERT Solutions PDF Free
To help you practice better, we are offering FREE NCERT Solutions PDF for Class 11 Accountancy Chapter 6. It Includes detailed answers to all in-text and exercise questions, step-by-step solutions to numerical problems and explanations with relevant formats and journal entries.
Click Here To Download Chapter 6 Depreciation Provisions and Reserves NCERT Solutions PDF
Importance of This Chapter
Understanding this chapter helps students:
- Accurately value assets in books of accounts
- Manage company profits responsibly
- Prepare for real-world business decisions
It is also a frequently asked topic in both theory and numericals in CBSE exams.
Tips to Study This Chapter Effectively
- Understand the logic behind depreciation, not just the formulas.
- Practice journal entries
- Prepare a comparison chart between Provisions and Reserves.
- Solve all numerical problems from the NCERT book with proper formats.
Also Download – CBSE Class 11 Accountancy Chapter 5 Bank Reconciliation Statement NCERT Solutions
Conclusion
Chapter 6 lays the groundwork for advanced accounting topics you’ll study in Class 12 and further in your career. Mastering this now ensures a smooth academic journey ahead.
Make sure to download the free PDF, revise the concepts regularly, and keep practicing the journal entries and numerical problems.
FAQs
Q1. What is covered in Chapter 6 of Class 11 Accountancy NCERT?
Chapter 6 focuses on concepts like depreciation, types of reserves, and provisions. It explains their accounting treatment and importance in financial reporting.
Q2. Why is depreciation important in accounting?
Depreciation accounts for the reduction in value of assets over time due to usage or obsolescence, ensuring accurate profit calculation.
Q3. Are these NCERT solutions enough for exam preparation?
Yes, the NCERT solutions provide accurate answers based on the latest CBSE syllabus and help in understanding key concepts effectively.
Q4. Do the solutions include both theoretical and practical questions?
Yes, the solutions cover all types of questions—short answers, long answers, and practical problems with proper working notes.
Q5. How can I score well in questions related to depreciation?
Focus on understanding the methods of depreciation (Straight Line and Written Down Value), their formulas, and correct journal entries.
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