11th class Principles of Accounting chapter 13 online mcq test with answers for I.Com part 1 Principles of Accounting chapter 13(Capital and Revenue)

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

Sr. #	Questions	Answers Choice
1	Preliminary expenses paid in the formation of a company is a	Capital expenditure Deferred expenditure Revenue expenditure Capital loss
2	Capitalized expenditure are shown in	Trading a/c Profit or loss a/c Income statement Balance sheet
3	Distinction between capital and revenue items is important for the preparation	Balance sheet Trading and profit or loss a/c Bank reconciliation statement Both a & b
4	Heavy expenditure on advertisement for making a new product is a	Revenue expenditure Deferred expenditure Capital loss Non-recurring expenditure
5	An expenditure, which increases the utility or productive capacity of an asset is treated as	Revenue expenditure Capital expenditure Deferred expenditure None of these
6	A revenue expenditure, the benefit of which is not confined to one accounting year is called	Non-current expenditure Revenue expenditure Future expenditure Deferred expenditure
7	Cost of redecorating a cinema hall is a	Capital expenditure Capital loss Revenue expenditure None of these
8	Octori duty paid on machinery, is an example of	Revenue expenditure Recurring expenditure Capital expenditure Both a & b
9	Bad debts are	Deferred expenditure Revenue expenditure Capital expenditure None of these
10	An expenditure, incurred to improve the position of the business is known as	Deferred expenditure Revenue expenditure Capital expenditure Recurring expenditure
11	All revenue expenditure are taken to	Trading a/c Trading & profit or Loss a/c Profit or loss a/c Balance sheet
12	Depreciation of fixed assets used in the business is an example of	capital expenditure Revenue expenditure Deferred expenditure None of these
13	Which one of the following is appeared in the balance sheet	Revenue expenditure Capital expenditure Deferred expenditure Both b & c
14	Expenditure, which helps to maintain the business efficiency is called	Revenue expenditure Deferred expenditure Capital expenditure Future expenditure
15	Expenditure is revenue expenditure because	It is intended to benefit the current period The amount involved is small It is deducted from the gross sale proceeds None of these

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