Smartindia Classroom
CONTENTS
Accountancy
Commerce
Economics
Statistics
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Question-1
----------- is recurring in nature
(A)
Revenue expenditure
(B)
Capital expenditure
(C)
Deferred revenue
(D)
None of these
Question-2
Advertised the shop in a local newspaper for Rs.250
(A)
Revenue
(B)
Capital
(C)
Deferred revenue
(D)
None of these
Question-3
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-4
Capital expenditure will increase the value of
(A)
Capital
(B)
Assets
(C)
Liability
(D)
Net assets
Question-5
Expenditure means those which can be converted again into
(A)
Expenditure
(B)
Asset
(C)
Cash
(D)
Sales
Question-6
Legal charges incurred in connection with raising a loan for business
(A)
Deferred revenue
(B)
Revenue
(C)
Capital
(D)
None of these
Question-7
Find out the odd one and state reasons
(A)
Cost of fixed assets
(B)
Cost of addition of existing fixed assets
(C)
Expenditure in connection with the acquisition of fixed assets
(D)
Cost of goods purchased for resale
Question-8
------------- losses are those which occur when selling fixed assets
(A)
Capital losses
(B)
Revenue losses
(C)
None of these
(D)
All of these
Question-9
Capital expenditure________to the revenue earning capacity of a concern
(A)
Deducts
(B)
Neglect
(C)
Adds
(D)
None of these
Question-10
Legal expenses incurred on purchase of land is ________________ 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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