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

  • Medium English
  • Available questions25
  • Chapter Name13
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Principles of accounting Icom Part 1 English Medium Chapter 13 Online Test

  • Total Questions15

  • Time Allowed20

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

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Question # 1

Wages paid for the construction of building is an example of

Question # 2

Distinction between capital and revenue items is important for the preparation

Question # 3

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

Question # 4

Capitalized expenditure are shown in

Question # 5

Expenditure, which helps to maintain the business efficiency is called

Question # 6

Transaction, having short-term effects are known as

Question # 7

Heavy expenditure on advertisement for making a new product is a

Question # 8

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

Question # 9

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

Question # 10

Cost of redecorating a cinema hall is a

Question # 11

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

Question # 12

Expenditure is a capital expenditure because

Question # 13

Expenditure is revenue expenditure because

Question # 14

An expenditure, which increases the utility or productive capacity of an asset is treated as

Question # 15

Bad debts are

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