Smartindia Classroom
CONTENTS
Accountancy
Commerce
Economics
Statistics
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Question-1
Find out the odd one and state reason
(A)
Wages and salaries
(B)
Carriage outwards
(C)
Advertising
(D)
Development expenditure
Question-2
Capital expenditure will increase the value of
(A)
Capital
(B)
Assets
(C)
Liability
(D)
Net assets
Question-3
Legal charges incurred in connection with raising a loan for business
(A)
Deferred revenue
(B)
Revenue
(C)
Capital
(D)
None of these
Question-4
Revenue losses are those which arise during the normal
(A)
Business
(B)
Dealing
(C)
Transaction
(D)
All of these
Question-5
Legal expenses incurred on purchase of land is ________________ expenditure
(A)
Revenue
(B)
Capital
(C)
Deferred revenue
(D)
None of these
Question-6
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-7
Pre-operative expenses comes an ---------------- expenditure
(A)
Revenue
(B)
Capital
(C)
Deferred revenue
(D)
None of these
Question-8
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-9
Damages paid on account of contract is a -------------- expenditure
(A)
Revenue
(B)
Capital
(C)
Deferred revenue
(D)
None of these
Question-10
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
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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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