Smartindia Classroom
CONTENTS
Accountancy
Commerce
Economics
Statistics
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Question-1
Revenue expenditure is incurred for acquiring or producing goods meant for
(A)
Sale
(B)
Purchase
(C)
Return
(D)
None of these
Question-2
Legal charges incurred in connection with raising a loan for business
(A)
Deferred revenue
(B)
Revenue
(C)
Capital
(D)
None of these
Question-3
Capital expenditure________to the revenue earning capacity of a concern
(A)
Deducts
(B)
Neglect
(C)
Adds
(D)
None of these
Question-4
Expenditure means those which can be converted again into
(A)
Expenditure
(B)
Asset
(C)
Cash
(D)
Sales
Question-5
Capital expenditure is_______in nature
(A)
Non recurring
(B)
Recurring
(C)
None of these
(D)
All of these
Question-6
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-7
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
Question-8
Carriage paid on goods purchased is a ----------- expenditure
(A)
Capital
(B)
Revenue
(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
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
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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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