×

11th Principles of Accounting Chapter 13 Test

Here you can prepare 11th Principles of Accounting English Medium Chapter 13 Capital and Revenue Test. Click the button for 100% free full practice test.

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
ic

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

Sr. # Questions Answers Choice
1 Depreciation of fixed assets used in the business is an example of
  • A. capital expenditure
  • B. Revenue expenditure
  • C. Deferred expenditure
  • D. None of these
2 All revenue expenditure are taken to
  • A. Trading a/c
  • B. Trading & profit or Loss a/c
  • C. Profit or loss a/c
  • D. Balance sheet
3 Expenditure is a capital expenditure because
  • A. The amount involved is heavy
  • B. It is the personal expenditure of the owner out of his capital
  • C. It is intended to benefit the future period
  • D. It is a recurring expenditure
4 Expenditure, which helps to maintain the business efficiency is called
  • A. Revenue expenditure
  • B. Deferred expenditure
  • C. Capital expenditure
  • D. Future expenditure
5 Which one of the following is appeared in the balance sheet
  • A. Revenue expenditure
  • B. Capital expenditure
  • C. Deferred expenditure
  • D. Both b & c
6 Preliminary expenses paid in the formation of a company is a
  • A. Capital expenditure
  • B. Deferred expenditure
  • C. Revenue expenditure
  • D. Capital loss
7 Heavy expenditure on advertisement for making a new product is a
  • A. Revenue expenditure
  • B. Deferred expenditure
  • C. Capital loss
  • D. Non-recurring expenditure
8 Expenditure is revenue expenditure because
  • A. It is intended to benefit the current period
  • B. The amount involved is small
  • C. It is deducted from the gross sale proceeds
  • D. None of these
9 An expenditure, which is temporarily increase the profit making capacity of the business is called
  • A. Deferred expenditure
  • B. Capital expenditure
  • C. Revenue expenditure
  • D. Non-recurring expenditure
10 An expenditure, which is incurred to increase to profit earning capacity of a business concern, is called
  • A. Deferred expenditure
  • B. Current expenditure
  • C. Capital expenditure
  • D. Recurring expenditure

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

U

Umar Noul

Jhang18 - Mar - 2024

10/15
03 Mins 55 Sec

Share your comments questions here
Sort By:
X

Sign in

to continue to ilmkidunya.com

inquiry-image

Free Admission Advice

Fill the form. Our admission consultants will call you with admission options.

X

Sign in

to continue to ilmkidunya.com

X

Sign in

to continue to ilmkidunya.com

X

Forgot Password

to continue to ilmkidunya.com

X

Register Type

Please Provide following information to Register

  • Student
  • Tutor
  • Consultant
  • Employer