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

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11th Principles of Accounting Chapter 13 Test

This online test contains MCQs about following topics:

Principles of accounting Icom Part 1 English Medium Chapter 13 Online Test

Try the Principles of accounting Icom Part 1 English Medium Chapter 13 Online Test.

  • Total Questions15

  • Time Allowed20

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Principles of accounting Icom Part 1 English Medium Chapter 13 Online Test

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Question # 1

Transaction, having short-term effects are known as

Question # 2

A revenue expenditure, the benefit of which is not confined to one accounting year is called

Question # 3

Capitalized expenditure are shown in

Question # 4

Expenditure is revenue expenditure because

Question # 5

An expenditure, which is non-recurring and irregular is called

Question # 6

Cost of redecorating a cinema hall is a

Question # 7

Expenditure is a capital expenditure because

Question # 8

Heavy expenditure on advertisement for making a new product is a

Question # 9

Bad debts are

Question # 10

The transactions, the effect of which is not exhausted with in the current accounting year are called

Question # 11

An expenditure, which is completely exhausted with in the current accounting period is known as

Question # 12

An expenditure, which is incurred to increase to profit earning capacity of a business concern, is called

Question # 13

An expenditure, incurred to improve the position of the business is known as

Question # 14

It is the price of goods sold or services provided by a business to its customers

Question # 15

Octori duty paid on machinery, is an example of

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Prepare All Principles of accounting Icom Part 1 English Medium Chapter 13 Online Test MCQs With Answers


. 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

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