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

Quiz
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Other
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University
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Hard
C S Alladi
Used 11+ times
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13 questions
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1.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
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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