
Understanding Financial Concepts
Quiz
•
Other
•
University
•
Practice Problem
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Easy
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16 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the sale of a building classified as?
Property appraisal
Capital Receipt
Construction contract
Commercial lease agreement
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the purchase of machinery categorized as?
Maintenance Cost
Operating Expense
Capital Expenditure
Research and Development Expense
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What type of expenditure is paying salaries?
Capital expense
Non-operating expense
Revenue Expenditure
Investment expenditure
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What type of receipt is interest earned on investments?
Rental income
Dividend income
Capital gains
Revenue Receipt
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the cost of repairing a vehicle considered?
An expense.
A liability.
An asset.
A revenue.
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What type of expenditure is the purchase of land?
Capital expenditure
Maintenance expenditure
Revenue expenditure
Operational expenditure
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What type of expenditure is the cost of utilities?
Investment expenditure
Capital expense
Non-operating expense
Revenue Expenditure
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