| 1 |
Preliminary expenses paid in the formation of a company is a |
- A. Capital expenditure
- B. Deferred expenditure
- C. Revenue expenditure
- D. Capital loss
|
| 2 |
Which one of the following is appeared in the balance sheet |
- A. Revenue expenditure
- B. Capital expenditure
- C. Deferred expenditure
- D. Both b & c
|
| 3 |
Bad debts are |
- A. Deferred expenditure
- B. Revenue expenditure
- C. Capital expenditure
- D. None of these
|
| 4 |
Wages paid for the construction of building is an example of |
- A. Revenue expenditure
- B. Capital expenditure
- C. Recurring expenditure
- D. Short-term expenditure
|
| 5 |
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
|
| 6 |
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
|
| 7 |
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
|
| 8 |
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
|
| 9 |
Heavy expenditure on advertisement for making a new product is a |
- A. Revenue expenditure
- B. Deferred expenditure
- C. Capital loss
- D. Non-recurring expenditure
|
| 10 |
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
|
