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Accountancy
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English I
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Question-1
Pre-operative expenses comes an ---------------- expenditure
(A)
Revenue
(B)
Capital
(C)
Deferred revenue
(D)
None of these
Question-2
Revenue expenditure is incurred for acquiring or producing goods meant for---------
(A)
Sale
(B)
Purchase
(C)
Return
(D)
None of these
Question-3
----------------- are not income to the concern
(A)
Capital receipts
(B)
Revenue receipts
(C)
Both of these
(D)
None of these
Question-4
Legal charges incurred in connection with raising a loan for business
(A)
Deferred revenue
(B)
Revenue
(C)
Capital
(D)
None of these
Question-5
Capital expenditure________to the revenue earning capacity of a concern
(A)
Deducts
(B)
Neglect
(C)
Adds
(D)
None of these
Question-6
------------ income means an income which does not pertain to the running of the business properly.
(A)
Capital
(B)
Revenue
(C)
Both of these
(D)
None of these
Question-7
An expenditure that arises out of and in the course of regular business transaction of a concern is termed as_______ expenditure.
(A)
Capital
(B)
Revenue
(C)
Receipt
(D)
Income
Question-8
Payment of sales is a ------------- expenditure
(A)
Revenue
(B)
Capital
(C)
Differed revenue
(D)
None of these
Question-9
A sum of Rs. 10,000 was spent on painting of the new factory is a ------------ expenditure
(A)
Deferred revenue
(B)
Capital
(C)
Revenue
(D)
None of these
Question-10
Confined the benefit of revenue expenditure is only-----------
(A)
One year
(B)
Two year
(C)
Three year
(D)
Four year
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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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