Online Exam in capital and revenue expenditure for preparation of professional exams of ca cpt, ca foundation, cs foundation, cma foundation
Capital and Revenue Expenditures and Receipts-Test 3
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Subject: Fundamentals of Accounting Questions: 25
Chapter: Capital and Revenue Expenditures and Receipts-Test 3
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Question 1 of 25
1 points
Money spent to reduce working/revenu expenses is —————
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Question 2 of 25
1 points
If repair cost is Rs.30,000. whitewash expenses are Rs.6,000.Cost of extension of building is Rs.3,00,000 and
Cost of improvement in electrical wiring system is Rs.22,800. The amount of expense is :
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Question 3 of 25
1 points
Insurance claim received on account of machinery damaged by ———–
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Question 4 of 25
1 points
What is the difference between ‘Deferred revenue expenditure’ and ‘Prepaid expenditure’?
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Question 5 of 25
1 points
How is the unexpired portion of deferred revenue expenditure shown in the financial statements?
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Question 6 of 25
1 points
Visit of sales manager abroad, total cost Rs.3,50,000 for promoting export sales.Visit quite successful and beneficial for the business.
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Question 7 of 25
1 points
Loss due to devaluation on loan , taken in foreign currency for purchase of a machinery Rs. 23,00,000
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Question 8 of 25
1 points
Interest Rs.36,000 paid on the loan, which was taken for the purchase of a new Machinery, which is still not ready to use.
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Question 9 of 25
1 points
Discount on issue of shares is ———-
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Question 10 of 25
1 points
Which of the following is Capital expenditure?
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Question 11 of 25
1 points
Which of this is/these are a capital receipt ———
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Question 12 of 25
1 points
Wrong classification of expenses into revenue and capital expenditure lead to ——–
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Question 13 of 25
1 points
Which of the following would be treated as deferred revenue expenditure?
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Question 14 of 25
1 points
Obsolescence cost should be treated as a ————
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Question 15 of 25
1 points
Recurring income that a business gets refers to ———-
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Question 16 of 25
1 points
Expenditure incurred by a books publisher for obtaining copyright is a ————
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Question 17 of 25
1 points
Compensation for breach of stock to a new site is ———–
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Question 18 of 25
1 points
Which of the of following is a Capital expenditure?
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Question 19 of 25
1 points
Compensation paid to workers under voluntary retirement scheme is ————
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Question 20 of 25
1 points
Imported goods confiscated by Government authorities is ————
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Question 21 of 25
1 points
Amount spent on new sign board ————-
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Question 22 of 25
1 points
Purchase of Good will is ———–
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Question 23 of 25
1 points
Advance to suppliers of goods is ———-
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Question 24 of 25
1 points
Subsidy received from the government is ————
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Question 25 of 25
1 points
Amount spent for replacement of a petrol driven machinery by solar kits is———–
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