Accounting Test Easy Mode

Sr. #	Questions	Answers Choice
1	An expenditure, incurred to improve the position of the business is known as	Deferred expenditure Revenue expenditure Capital expenditure Recurring expenditure
2	All revenue expenditure are taken to	Trading a/c Trading & profit or Loss a/c Profit or loss a/c Balance sheet
3	Depreciation of fixed assets used in the business is an example of	capital expenditure Revenue expenditure Deferred expenditure None of these
4	Which one of the following is appeared in the balance sheet	Revenue expenditure Capital expenditure Deferred expenditure Both b & c
5	Expenditure, which helps to maintain the business efficiency is called	Revenue expenditure Deferred expenditure Capital expenditure Future expenditure

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