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Question-1
Capital expenditure will increase the value of _______
(A)
Capital
(B)
Assets
(C)
Liability
(D)
Net assets
Question-2
Temporary shed put up at project site to house materials is a ---------- expenditure
(A)
Revenue
(B)
Capital
(C)
Deferred revenue
(D)
None of these
Question-3
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-4
Revenue losses are those which arise during the normal -----------
(A)
Business
(B)
Dealing
(C)
Transaction
(D)
All of these
Question-5
Expenditure means those which can be converted again into________
(A)
Expenditure
(B)
Asset
(C)
Cash
(D)
Sales
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
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-8
Confined the benefit of revenue expenditure is only-----------
(A)
One year
(B)
Two year
(C)
Three year
(D)
Four year
Question-9
------------- losses are those which occur when selling fixed assets
(A)
Capital losses
(B)
Revenue losses
(C)
None of these
(D)
All of these
Question-10
________ 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
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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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