Smartindia Classroom
CONTENTS
Accountancy
Commerce
Economics
Statistics
Back to home
Start Practice
Question-1
The benefit of capital expenditure extends to move than
(A)
3 months
(B)
5 months
(C)
6 months
(D)
One year
Question-2
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
Question-3
Damages paid on account of contract is a -------------- expenditure
(A)
Revenue
(B)
Capital
(C)
Deferred revenue
(D)
None of these
Question-4
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-5
Legal charges incurred in connection with raising a loan for business
(A)
Deferred revenue
(B)
Revenue
(C)
Capital
(D)
None of these
Question-6
Directors fees is a ----------- expenditure
(A)
Revenue
(B)
Capital
(C)
Deferred revenue
(D)
None of these
Question-7
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-8
Compensation paid to a retrenched employee for loss of employment
(A)
Revenue
(B)
Capital
(C)
Deferred revenue
(D)
None of these
Question-9
Expenditure can be classified into two categories they are______ and _______
(A)
Capital and Revenue
(B)
Income and Expenses
(C)
Expenses and Receipts
(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
Your Score 0/10
Click
here
to see your answersheet and detailed track records.
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
Powered By
