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 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
2 Preliminary expenses paid in the formation of a company is a
  • A. Capital expenditure
  • B. Deferred expenditure
  • C. Revenue expenditure
  • D. Capital loss
3 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
4 It is the price of goods sold or services provided by a business to its customers
  • A. Asset
  • B. Cost
  • C. Capital
  • D. Revenue
5 Expenditure, which helps to maintain the business efficiency is called
  • A. Revenue expenditure
  • B. Deferred expenditure
  • C. Capital expenditure
  • D. Future expenditure
6 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
7 Bad debts are
  • A. Deferred expenditure
  • B. Revenue expenditure
  • C. Capital expenditure
  • D. None of these
8 Transaction, having short-term effects are known as
  • A. Revenue transaction
  • B. Capital transaction
  • C. Non-monetary transaction
  • D. Paper transaction
9 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
10 The amount invested by the owner in the business to produce revenue is known as
  • A. Income
  • B. Asset
  • C. Capital
  • D. Liability

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