Smartindia Classroom
CONTENTS
Accountancy
Commerce
Economics
Statistics
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Question-1
Capital expenditure is_______in nature
(A)
Non recurring
(B)
Recurring
(C)
None of these
(D)
All of these
Question-2
Legal expenses incurred on purchase of land is ________________ expenditure
(A)
Revenue
(B)
Capital
(C)
Deferred revenue
(D)
None of these
Question-3
Legal charges incurred in connection with raising a loan for business
(A)
Deferred revenue
(B)
Revenue
(C)
Capital
(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
Payment of sales is a ------------- expenditure
(A)
Revenue
(B)
Capital
(C)
Differed revenue
(D)
None of these
Question-6
Expenditure means those which can be converted again into
(A)
Expenditure
(B)
Asset
(C)
Cash
(D)
Sales
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
Capital expenditure will increase the value of
(A)
Capital
(B)
Assets
(C)
Liability
(D)
Net assets
Question-9
------------- losses are those which occur when selling fixed assets
(A)
Capital losses
(B)
Revenue losses
(C)
None of these
(D)
All of these
Question-10
Directors fees is a ----------- expenditure
(A)
Revenue
(B)
Capital
(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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