Accounting Test Easy Mode

Sr. #	Questions	Answers Choice
1	An expenditure, which increases the utility or productive capacity of an asset is treated as	Revenue expenditure Capital expenditure Deferred expenditure None of these
2	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
3	Cost of redecorating a cinema hall is a	Capital expenditure Capital loss Revenue expenditure None of these
4	Octori duty paid on machinery, is an example of	Revenue expenditure Recurring expenditure Capital expenditure Both a & b
5	Bad debts are	Deferred expenditure Revenue expenditure Capital expenditure None of these

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