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CONTENTS
Accountancy
Commerce
Economics
Statistics
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Question-1
Confined the benefit of revenue expenditure is only
(A)
One year
(B)
Two year
(C)
Three year
(D)
Four year
Question-2
Pre-operative expenses comes an ---------------- expenditure
(A)
Revenue
(B)
Capital
(C)
Deferred revenue
(D)
None of these
Question-3
------------ income means an income which does not pertain to the running of the business properly.
(A)
Capital
(B)
Revenue
(C)
Both of these
(D)
None of these
Question-4
----------- is recurring in nature
(A)
Revenue expenditure
(B)
Capital expenditure
(C)
Deferred revenue
(D)
None of these
Question-5
Find out the odd one and state reasons
(A)
Cost of fixed assets
(B)
Cost of addition of existing fixed assets
(C)
Expenditure in connection with the acquisition of fixed assets
(D)
Cost of goods purchased for resale
Question-6
The benefit of capital expenditure extends to move than
(A)
3 months
(B)
5 months
(C)
6 months
(D)
One year
Question-7
Cost of removal of business from old site to the new is a ----------------- expenditure
(A)
Capital
(B)
Revenue
(C)
Deferred revenue
(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
Expenditure means those which can be converted again into
(A)
Expenditure
(B)
Asset
(C)
Cash
(D)
Sales
Question-10
________ Expenditure is incurred for acquiring fixed assets intended for in the business and not for resale
(A)
Capital
(B)
Revenue
(C)
Deferred revenue
(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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