| 1 |
An expenditure, which is non-recurring and irregular is called |
- A. Capital expenditure
- B. Revenue expenditure
- C. Short-term expenditure
- D. Current expenditure
|
| 2 |
Cost of redecorating a cinema hall is a |
- A. Capital expenditure
- B. Capital loss
- C. Revenue expenditure
- D. None of these
|
| 3 |
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
|
| 4 |
The amount invested by the owner in the business to produce revenue is known as |
- A. Income
- B. Asset
- C. Capital
- D. Liability
|
| 5 |
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
|
| 6 |
Preliminary expenses paid in the formation of a company is a |
- A. Capital expenditure
- B. Deferred expenditure
- C. Revenue expenditure
- D. Capital loss
|
| 7 |
An expenditure, which is completely exhausted with in the current accounting period is known as |
- A. Deferred expenditure
- B. Revenue expenditure
- C. Future expenditure
- D. Non-recurring expenditure
|
| 8 |
Bad debts are |
- A. Deferred expenditure
- B. Revenue expenditure
- C. Capital expenditure
- D. None of these
|
| 9 |
Heavy expenditure on advertisement for making a new product is a |
- A. Revenue expenditure
- B. Deferred expenditure
- C. Capital loss
- D. Non-recurring expenditure
|
| 10 |
Octori duty paid on machinery, is an example of |
- A. Revenue expenditure
- B. Recurring expenditure
- C. Capital expenditure
- D. Both a & b
|
