[{"id":99351,"question":"Expenditure is revenue expenditure because","choices":[{"text":"It is intended to benefit the current period","value":"A"},{"text":"The amount involved is small","value":"B"},{"text":"It is deducted from the gross sale proceeds","value":"C"},{"text":"None of these","value":"D"},{"value":"E"}],"correctAnswer":1},{"id":99350,"question":"Expenditure is a capital expenditure because","choices":[{"text":"The amount involved is heavy","value":"A"},{"text":"It is the personal expenditure of the owner out of his capital","value":"B"},{"text":"It is intended to benefit the future period","value":"C"},{"text":"It is a recurring expenditure","value":"D"},{"value":"E"}],"correctAnswer":3},{"id":99349,"question":"An expenditure, which is temporarily increase the profit making capacity of the business is called","choices":[{"text":"Deferred expenditure","value":"A"},{"text":"Capital expenditure","value":"B"},{"text":"Revenue expenditure","value":"C"},{"text":"Non-recurring expenditure","value":"D"},{"value":"E"}],"correctAnswer":3},{"id":99348,"question":"An expenditure, which is completely exhausted with in the current accounting period is known as","choices":[{"text":"Deferred expenditure","value":"A"},{"text":"Revenue expenditure","value":"B"},{"text":"Future expenditure","value":"C"},{"text":"Non-recurring expenditure","value":"D"},{"value":"E"}],"correctAnswer":2},{"id":99347,"question":"Wages paid for the construction of building is an example of","choices":[{"text":"Revenue expenditure","value":"A"},{"text":"Capital expenditure","value":"B"},{"text":"Recurring expenditure","value":"C"},{"text":"Short-term expenditure","value":"D"},{"value":"E"}],"correctAnswer":2},{"id":99346,"question":"An expenditure, which is incurred to increase to profit earning capacity of a business concern, is called","choices":[{"text":"Deferred expenditure","value":"A"},{"text":"Current expenditure","value":"B"},{"text":"Capital expenditure","value":"C"},{"text":"Recurring expenditure","value":"D"},{"value":"E"}],"correctAnswer":3},{"id":99345,"question":"An expenditure, which is non-recurring and irregular is called","choices":[{"text":"Capital expenditure","value":"A"},{"text":"Revenue expenditure","value":"B"},{"text":"Short-term expenditure","value":"C"},{"text":"Current expenditure","value":"D"},{"value":"E"}],"correctAnswer":1},{"id":99344,"question":"Transaction, having short-term effects are known as","choices":[{"text":"Revenue transaction","value":"A"},{"text":"Capital transaction","value":"B"},{"text":"Non-monetary transaction","value":"C"},{"text":"Paper transaction","value":"D"},{"value":"E"}],"correctAnswer":1},{"id":99343,"question":"The transactions, the effect of which is not exhausted with in the current accounting year are called","choices":[{"text":"Revenue transaction","value":"A"},{"text":"Capital transaction","value":"B"},{"text":"Current transaction","value":"C"},{"text":"Monetary transaction","value":"D"},{"value":"E"}],"correctAnswer":2},{"id":99342,"question":"It is the price of goods sold or services provided by a business to its customers","choices":[{"text":"Asset","value":"A"},{"text":"Cost","value":"B"},{"text":"Capital","value":"C"},{"text":"Revenue","value":"D"},{"value":"E"}],"correctAnswer":4}]