| 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 |
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
|
| 3 |
Transaction, having short-term effects are known as |
- A. Revenue transaction
- B. Capital transaction
- C. Non-monetary transaction
- D. Paper transaction
|
| 4 |
Capitalized expenditure are shown in |
- A. Trading a/c
- B. Profit or loss a/c
- C. Income statement
- D. Balance sheet
|
| 5 |
It is the price of goods sold or services provided by a business to its customers |
- A. Asset
- B. Cost
- C. Capital
- D. Revenue
|
| 6 |
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
|
| 7 |
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
|
| 8 |
Octori duty paid on machinery, is an example of |
- A. Revenue expenditure
- B. Recurring expenditure
- C. Capital expenditure
- D. Both a & b
|
| 9 |
Which one of the following is appeared in the balance sheet |
- A. Revenue expenditure
- B. Capital expenditure
- C. Deferred expenditure
- D. Both b & c
|
| 10 |
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
|
