| 1 |
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
|
| 2 |
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
|
| 3 |
Which one of the following is appeared in the balance sheet |
- A. Revenue expenditure
- B. Capital expenditure
- C. Deferred expenditure
- D. Both b & c
|
| 4 |
An expenditure, which increases the utility or productive capacity of an asset is treated as |
- A. Revenue expenditure
- B. Capital expenditure
- C. Deferred expenditure
- D. None of these
|
| 5 |
Bad debts are |
- A. Deferred expenditure
- B. Revenue expenditure
- C. Capital expenditure
- D. None of these
|
| 6 |
An expenditure, incurred to improve the position of the business is known as |
- A. Deferred expenditure
- B. Revenue expenditure
- C. Capital expenditure
- D. 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 |
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 |
Cost of redecorating a cinema hall is a |
- A. Capital expenditure
- B. Capital loss
- C. Revenue expenditure
- D. None of these
|
| 10 |
The amount invested by the owner in the business to produce revenue is known as |
- A. Income
- B. Asset
- C. Capital
- D. Liability
|
