Accounting Test Easy Mode

Sr. #	Questions	Answers Choice
1	Receipts, which are non-recurring by nature, are called	revenue receipts current receipts capital receipts capital profit
2	Bad debts are	deferred expenditure revenue expenditure capital expenditure none of these
3	Which one of the following is appeared in the balance sheet ?	revenue expenditure capital expenditure deferred revenue both b,c
4	Any expenditure incurred to increase the earning capacity of a business	capital expenditure capital loss revenue loss revenue expenditure
5	Preliminary expenses incurred before the commencement of business	revenue expenditure capital expenditure deferred revenue expenditure capital loss

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