Smartindia Classroom
CONTENTS
Accountancy
Commerce
Economics
Statistics
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Question-1
Heavy advertising to introduce a new product is a ------------- expenditure
(A)
Revenue
(B)
Capital
(C)
Deferred revenue
(D)
None of these
Question-2
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-3
------------- will go to the Trading Account or Profit and Loss Account
(A)
Revenue
(B)
Capital
(C)
Deferred revenue
(D)
None of these
Question-4
Capital expenditure is incurred for extending or improving the existing
(A)
Current assets
(B)
Fixed assets
(C)
Both of these
(D)
None of these
Question-5
------------ 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-6
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-7
Legal charges incurred in connection with raising a loan for business
(A)
Deferred revenue
(B)
Revenue
(C)
Capital
(D)
None of these
Question-8
Compensation paid to a retrenched employee for loss of employment
(A)
Revenue
(B)
Capital
(C)
Deferred revenue
(D)
None of these
Question-9
Pre-operative expenses comes an ---------------- expenditure
(A)
Revenue
(B)
Capital
(C)
Deferred revenue
(D)
None of these
Question-10
Expenditure which are basically revenue expenditure but whose benefit covers a number of years is called
(A)
Revenue expenditure
(B)
Capital expenditure
(C)
Deferred expenditure
(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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