| 1 |
Transaction, having short-term effects are known as |
- A. Revenue transaction
- B. Capital transaction
- C. Non-monetary transaction
- D. Paper transaction
|
| 2 |
Octori duty paid on machinery, is an example of |
- A. Revenue expenditure
- B. Recurring expenditure
- C. Capital expenditure
- D. Both a & b
|
| 3 |
It is the price of goods sold or services provided by a business to its customers |
- A. Asset
- B. Cost
- C. Capital
- D. Revenue
|
| 4 |
Wages paid for the construction of building is an example of |
- A. Revenue expenditure
- B. Capital expenditure
- C. Recurring expenditure
- D. Short-term expenditure
|
| 5 |
Heavy expenditure on advertisement for making a new product is a |
- A. Revenue expenditure
- B. Deferred expenditure
- C. Capital loss
- D. Non-recurring expenditure
|
| 6 |
An expenditure, which increases the utility or productive capacity of an asset is treated as |
- A. Revenue expenditure
- B. Capital expenditure
- C. Deferred expenditure
- D. None of these
|
| 7 |
An expenditure, incurred to improve the position of the business is known as |
- A. Deferred expenditure
- B. Revenue expenditure
- C. Capital expenditure
- D. Recurring expenditure
|
| 8 |
Expenditure is revenue expenditure because |
- A. It is intended to benefit the current period
- B. The amount involved is small
- C. It is deducted from the gross sale proceeds
- D. None of these
|
| 9 |
Expenditure, which helps to maintain the business efficiency is called |
- A. Revenue expenditure
- B. Deferred expenditure
- C. Capital expenditure
- D. Future expenditure
|
| 10 |
Cost of redecorating a cinema hall is a |
- A. Capital expenditure
- B. Capital loss
- C. Revenue expenditure
- D. None of these
|
