Depreciation, Provisions and Reserves | Class 11th Accountancy | Notes, Important Questions, Previous Years Questions, Sample Papers | As Per New Syllabus

Depreciation: Meaning, Features, Need, Causes, factors Other similar terms: Depletion and Amortisation Methods of Depreciation:

i. Straight Line Method (SLM)

ii. Written Down Value Method (WDV)

Difference between SLM and WDV; Advantages of SLM and WDV Method of recoding depreciation

i. Charging to asset account

ii. Creating provision for depreciation/accumulated depreciation account

Treatment of disposal of asset Provisions, Reserves, Difference Between Provisions and Reserves. Types of Reserves:

i. Revenue reserve

ii. Capital reserve

iii. General reserve

iv. Specific reserve

v. Secret Reserve

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