First Year Principles of Accounting Chapter 13 Online MCQ Test for 1st Year Principles of Accounting Chapter 13 (Capital and Revenue)

This online test contains MCQs about following topics:

. Difference between capital and revenue expenditures . Difference between capital and revenue receipts . Deferred revenue expenditure . Capistalised expenditure . Capital and revenue profit . Capital and revenue losses . Capital and revenue payments

ICOM Part 1 Accounting Ch 13 Test
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Principles of Accounting

MCQ's Test For Chapter 13 "Principles of accounting Icom Part 1 English Medium Chapter 13 Online Test"

Try The MCQ's Test For Chapter 13 "Principles of accounting Icom Part 1 English Medium Chapter 13 Online Test"

  • Total Questions15

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

00:00
Question # 1

Capitalized expenditure are shown in

Question # 2

An expenditure, which is non-recurring and irregular is called

Question # 3

Depreciation of fixed assets used in the business is an example of

Question # 4

Expenditure is revenue expenditure because

Question # 5

Expenditure, which helps to maintain the business efficiency is called

Question # 6

Expenditure is a capital expenditure because

Question # 7

The transactions, the effect of which is not exhausted with in the current accounting year are called

Question # 8

Bad debts are

Question # 9

Wages paid for the construction of building is an example of

Question # 10

An expenditure, which is temporarily increase the profit making capacity of the business is called

Question # 11

An expenditure, which is incurred to increase to profit earning capacity of a business concern, is called

Question # 12

Which one of the following is appeared in the balance sheet

Question # 13

Heavy expenditure on advertisement for making a new product is a

Question # 14

An expenditure, incurred to improve the position of the business is known as

Question # 15

A revenue expenditure, the benefit of which is not confined to one accounting year is called

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ICom Part 1 Principles of Accounting Chapter 13 Important MCQ's

Sr.# Question Answer
1 An expenditure, which is non-recurring and irregular is called
A. Capital expenditure
B. Revenue expenditure
C. Short-term expenditure
D. Current expenditure
2 Bad debts are
A. Deferred expenditure
B. Revenue expenditure
C. Capital expenditure
D. None of these
3 A revenue expenditure, the benefit of which is not confined to one accounting year is called
A. Non-current expenditure
B. Revenue expenditure
C. Future expenditure
D. Deferred expenditure
4 Cost of redecorating a cinema hall is a
A. Capital expenditure
B. Capital loss
C. Revenue expenditure
D. None of these
5 Octori duty paid on machinery, is an example of
A. Revenue expenditure
B. Recurring expenditure
C. Capital expenditure
D. Both a & b
6 The amount invested by the owner in the business to produce revenue is known as
A. Income
B. Asset
C. Capital
D. Liability
7 Distinction between capital and revenue items is important for the preparation
A. Balance sheet
B. Trading and profit or loss a/c
C. Bank reconciliation statement
D. Both a & b
8 An expenditure, which is completely exhausted with in the current accounting period is known as
A. Deferred expenditure
B. Revenue expenditure
C. Future expenditure
D. Non-recurring expenditure
9 The transactions, the effect of which is not exhausted with in the current accounting year are called
A. Revenue transaction
B. Capital transaction
C. Current transaction
D. Monetary transaction
10 Capitalized expenditure are shown in
A. Trading a/c
B. Profit or loss a/c
C. Income statement
D. Balance sheet

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