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Question-1
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-2
________ Expenditure is incurred for acquiring fixed assets intended for in the business and not for resale
(A)
Capital
(B)
Revenue
(C)
Deferred revenue
(D)
None of these
Question-3
------------ income means an income which arises out of and in the course of the regular business transaction of a business
(A)
Revenue
(B)
Capital
(C)
Both of these
(D)
None of these
Question-4
------------- will go to the Trading Account or Profit and Loss Account
(A)
Revenue
(B)
Capital
(C)
Deferred revenue
(D)
None of these
Question-5
Heavy advertising to introduce a new product is a ------------- expenditure
(A)
Revenue
(B)
Capital
(C)
Deferred revenue
(D)
None of these
Question-6
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-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
Legal expenses incurred in defending a suit for breach of contract to supply goods is a ----------- expenditure
(A)
Capital
(B)
Differed revenue
(C)
Revenue
(D)
None of these
Question-9
Advertised the shop in a local newspaper for Rs.250
(A)
Revenue
(B)
Capital
(C)
Deferred revenue
(D)
None of these
Question-10
----------- is recurring in nature
(A)
Revenue expenditure
(B)
Capital expenditure
(C)
Deferred revenue
(D)
None of these
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Plus 1 Commerce
ICSE/ISC
Practice in Related Chapters
Introduction Of Accounting
Concepts, Standards And Basis
Classification Of Accounts Under Double Entry System And Accounting Equation
Ledger
Trial Balance
Final Accounts Or (Financial Statements)
Journal
Sub-Division Of Journal : Cash Book
Sub-Division Of Journal : Specified purpose Subsidiary
Bank Reconciliation Statement
Rectification Of Errors
Capital And Revenue Expenditure/Income
Depreciation Accounting
Provisions And Reserves
Single Entry System : Accounts From Incomplete Records
Accounts of Non Trading Organization
Bills of Exchange
Introduction To The Use Of Computers In Accounting
Accounting concepts,standards and basis
Introduction to Accounting
Depreciation, Provision and Reserves
Trial Balance and Rectification of Errors
Depreciation, Provision and Reserves
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