11th class Principles of Accounting chapter 13 online mcq test with answers for I.Com part 1 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

Start Accounting Ch 13 Test

ICOM Part 1 English Medium Subjects

Principles of Accounting

Principles of Economics

Principles of Commerce

ICOM Part 1 Urdu Medium Subjects

Principles of Commerce

Principles of Economics

Principles of Accounting

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

Sr.#	Question	Answer
1	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
2	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
3	Octori duty paid on machinery, is an example of	A. Revenue expenditure B. Recurring expenditure C. Capital expenditure D. Both a & b
4	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
5	Preliminary expenses paid in the formation of a company is a	A. Capital expenditure B. Deferred expenditure C. Revenue expenditure D. Capital loss
6	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
7	Cost of redecorating a cinema hall is a	A. Capital expenditure B. Capital loss C. Revenue expenditure D. None of these
8	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
9	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
10	Bad debts are	A. Deferred expenditure B. Revenue expenditure C. Capital expenditure D. None of these

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

ICOM Part 1 English Medium Subjects

ICOM Part 1 Urdu Medium Subjects

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

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

Bad debts are

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

The amount invested by the owner in the business to produce revenue is known as

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

Distinction between capital and revenue items is important for the preparation

It is the price of goods sold or services provided by a business to its customers

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

Preliminary expenses paid in the formation of a company is a

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

Expenditure is revenue expenditure because

Which one of the following is appeared in the balance sheet

Transaction, having short-term effects are known as

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

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

Expenditure is a capital expenditure because

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11th Principles of Accounting Chapter 13 Test

Top Scorers Of Chapter 13 "Principles of accounting Icom Part 1 English Medium Chapter 13 Online Test" MCQ`s Test

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

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