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CONTENTS
Accountancy
Commerce
Economics
Statistics
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Question-1
Revenue expenditure is incurred for acquiring or producing goods meant for
(A)
Sale
(B)
Purchase
(C)
Return
(D)
None of these
Question-2
A sum of Rs. 10,000 was spent on painting of the new factory is a ------------ expenditure
(A)
Deferred revenue
(B)
Capital
(C)
Revenue
(D)
None of these
Question-3
Payment of sales is a ------------- expenditure
(A)
Revenue
(B)
Capital
(C)
Differed revenue
(D)
None of these
Question-4
Pre-operative expenses comes an ---------------- expenditure
(A)
Revenue
(B)
Capital
(C)
Deferred revenue
(D)
None of these
Question-5
Expenditure can be classified into two categories they are______ and _______
(A)
Capital and Revenue
(B)
Income and Expenses
(C)
Expenses and Receipts
(D)
None of these
Question-6
Temporary shed put up at project site to house materials is a ---------- expenditure
(A)
Revenue
(B)
Capital
(C)
Deferred revenue
(D)
None of these
Question-7
------------ income means an income which arises out of and in the course of the regular business transaction of a business
(A)
Revenue
(B)
Capital
(C)
Both of these
(D)
None of these
Question-8
----------------- are not income to the concern
(A)
Capital receipts
(B)
Revenue receipts
(C)
Both of these
(D)
None of these
Question-9
A college building constructed for the children of the employees is a-------------expenditure
(A)
Capital
(B)
Revenue
(C)
Deferred revenue
(D)
None of these
Question-10
Capital expenditure is incurred for extending or improving the existing
(A)
Current assets
(B)
Fixed assets
(C)
Both of these
(D)
None of these
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Plus 1 Commerce
Tamil Nadu (English Medium)
Practice in Related Chapters
Introduction to Accounting
Conceptual Frame work of Accounting
Basic Accounting Procedures I - Double Entry System of Book-Keeping
Basic Accounting Procedures II- Journal
Basic Accounting Procedures III- Ledger
Subsidiary Books I- Cash Book
Bank Reconciliation Statement
Trail Balance and Rectification of Errors
Capital and Revenue Transactions
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