Smartindia Classroom
CONTENTS
Accountancy
Commerce
Economics
Statistics
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Question-1
Advertised the shop in a local newspaper for Rs.250
(A)
Revenue
(B)
Capital
(C)
Deferred revenue
(D)
None of these
Question-2
The benefit of capital expenditure extends to move than
(A)
3 months
(B)
5 months
(C)
6 months
(D)
One year
Question-3
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-4
------------- losses are those which occur when selling fixed assets
(A)
Capital losses
(B)
Revenue losses
(C)
None of these
(D)
All of these
Question-5
Carriage paid on goods purchased is a ----------- expenditure
(A)
Capital
(B)
Revenue
(C)
Deferred revenue
(D)
None of these
Question-6
Heavy advertising to introduce a new product is a ------------- expenditure
(A)
Revenue
(B)
Capital
(C)
Deferred revenue
(D)
None of these
Question-7
Pre-operative expenses comes an ---------------- expenditure
(A)
Revenue
(B)
Capital
(C)
Deferred revenue
(D)
None of these
Question-8
----------- is recurring in nature
(A)
Revenue expenditure
(B)
Capital expenditure
(C)
Deferred revenue
(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
Wages and salaries paid for the construction of a new plant or machinery or wages paid to workman engaged in construction of a fixed assets are expenditure of ---------nature
(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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