Capital and Revenue Expenditure

Capital and Revenue Expenditure

University

13 Qs

quiz-placeholder

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Capital and Revenue Expenditure

Capital and Revenue Expenditure

Assessment

Quiz

Other

University

Hard

Created by

C S Alladi

Used 11+ times

FREE Resource

13 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Expenditure incurred for the extension of or improvement in fixed assets is

Revenue Expenditure

Recurring Expenditure

Capital Expenditure

Written off immediately out of current year profits

2.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Which of the following is a Capital Transaction?

Cost of Platform on which the machine will be fixed

Wages paid for erecting the machine

Cartage paid on acquiring the machine

All of these

3.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Cost of overhauling second hand machines are

Prepaid Expenses

Revenue Expenditure

Outstanding Expenditure

Capital Expenditure

4.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

An expenditure is Revenue expenditure if

It neither affects liabilities nor assets

It either affects liabilities or assets

It affects both liabilities and assets

None of these

5.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Capital Expenditure is incurred for

Maintaining the existing earning capacity

Increasing the earning capacity

Day to day conduct of business

All of these

6.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Money received by sale of machine is

Revenue Receipt

Capital Receipt

Deferred Revenue Receipt

Capital Expenditure

7.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Period of benefit of capital expenditure is

Only to the current accounting year

More than 6 months but less than 1 year

More than 1 year

Less than 6 months

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