11th Principles of Accounting Chapter 13 Test

Here you can prepare 11th Principles of Accounting English Medium Chapter 13 Capital and Revenue Test. Click the button for 100% free full practice test.

First Year Principles of Accounting Chapter 13 Online MCQ Test for 1st Year Principles of Accounting Chapter 13 (Capital and Revenue)

This online test contains MCQs about following topics:

. Difference between capital and revenue expenditures . Difference between capital and revenue receipts . Deferred revenue expenditure . Capistalised expenditure . Capital and revenue profit . Capital and revenue losses . Capital and revenue payments

ICOM Part 1 Accounting Ch 13 Test
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First Year Principles of Accounting Chapter 13 Online MCQ Test for 1st Year Principles of Accounting Chapter 13 (Capital and Revenue)

Sr. # Questions Answers Choice
1 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
2 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
3 An expenditure, which is incurred to increase to profit earning capacity of a business concern, is called
  • A. Deferred expenditure
  • B. Current expenditure
  • C. Capital expenditure
  • D. Recurring expenditure
4 Distinction between capital and revenue items is important for the preparation
  • A. Balance sheet
  • B. Trading and profit or loss a/c
  • C. Bank reconciliation statement
  • D. Both a & b
5 The amount invested by the owner in the business to produce revenue is known as
  • A. Income
  • B. Asset
  • C. Capital
  • D. Liability
6 An expenditure, which is temporarily increase the profit making capacity of the business is called
  • A. Deferred expenditure
  • B. Capital expenditure
  • C. Revenue expenditure
  • D. Non-recurring expenditure
7 Transaction, having short-term effects are known as
  • A. Revenue transaction
  • B. Capital transaction
  • C. Non-monetary transaction
  • D. Paper transaction
8 All revenue expenditure are taken to
  • A. Trading a/c
  • B. Trading & profit or Loss a/c
  • C. Profit or loss a/c
  • D. Balance sheet
9 An expenditure, which is non-recurring and irregular is called
  • A. Capital expenditure
  • B. Revenue expenditure
  • C. Short-term expenditure
  • D. Current expenditure
10 Which one of the following is appeared in the balance sheet
  • A. Revenue expenditure
  • B. Capital expenditure
  • C. Deferred expenditure
  • D. Both b & c

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