Smartindia Classroom
CONTENTS
Accountancy
Commerce
Economics
Statistics
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Question-1
Legal charges incurred in connection with raising a loan for business
(A)
Deferred revenue
(B)
Revenue
(C)
Capital
(D)
None of these
Question-2
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-3
Compensation paid to a retrenched employee for loss of employment
(A)
Revenue
(B)
Capital
(C)
Deferred revenue
(D)
None of these
Question-4
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-5
------------- will go to the Trading Account or Profit and Loss Account
(A)
Revenue
(B)
Capital
(C)
Deferred revenue
(D)
None of these
Question-6
Directors fees is a ----------- expenditure
(A)
Revenue
(B)
Capital
(C)
Deferred revenue
(D)
None of these
Question-7
Repairs on machinery purchased second hand before putting the same to use is a ---------------- expenditure
(A)
Revenue
(B)
Capital
(C)
Deferred revenue
(D)
None of these
Question-8
Find out the odd one and state reason
(A)
Wages and salaries
(B)
Carriage outwards
(C)
Advertising
(D)
Development expenditure
Question-9
Revenue losses are those which arise during the normal
(A)
Business
(B)
Dealing
(C)
Transaction
(D)
All 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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