Chapter Wise Topic Wise Notes Class 11 Accountancy I Chapter 7 Depreciation, Provisions and Reserves

These chapter-wise, topic-wise notes for Class 11 Accountancy provide a detailed and simplified explanation of Chapter 7: Depreciation, Provisions, and Reserves. The notes cover the concept and causes of depreciation, methods of calculating depreciation such as Straight Line Method (SLM) and Written Down Value Method (WDV), and their impact on business financial statements. Key concepts like provisions, including provision for doubtful debts, and reserves, such as general reserve and specific reserve, are clearly explained with practical examples. The notes also discuss the distinction between provisions and reserves, highlighting their importance in financial planning and risk management. Solved illustrations, charts, and tables help students understand calculations and journal entries efficiently. These notes serve as a reliable resource for Class 11 students aiming to strengthen conceptual clarity and excel in Accountancy exams.