Rs. 2500 spent on the overhauling on purchase of second hand machinery :
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Question 2 of 30
2. Question
1 points
Which of the following is a revenue expenditure?
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Question 3 of 30
3. Question
1 points
Loss caused by theft of cash by cashier after business hours is a ————-
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Question 4 of 30
4. Question
1 points
Share premium is a ——–
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Question 5 of 30
5. Question
1 points
Assertion : Damages paid on account of breach of contract to supply certain goods is a capital expenditure.
Reasoning: Such damages are incurred in the ordinary course of business.
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Question 6 of 30
6. Question
1 points
Amount spent on increase the seating capacity in a cinema hall is :
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Question 7 of 30
7. Question
1 points
Capital expenditure provide ———-benefit.
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Question 8 of 30
8. Question
1 points
An amount of Rs.30,000 spend on travelling expenses of the company’s director’s to a foreign trip for purchase of an asset to be used in the production process.
This is :
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Question 9 of 30
9. Question
1 points
Amount spent on unsuccessful patent right is a :
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Question 10 of 30
10. Question
1 points
Brokerage on the issue of shares and debentures is a ———–
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Question 11 of 30
11. Question
1 points
Machinery was purchased for Rs.10,000 and Rs.500 paid as wages for erection of machinery .The amount that should be debited is :
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Incorrect
Question 12 of 30
12. Question
1 points
An old Machinery is purchased for Rs.10,000.Installation charges of Rs.1000 were incurred.Repairs to the old machinery is Rs. 7000. Repairs account will be debited by–
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Question 13 of 30
13. Question
1 points
A truck was purchased and after sometime , the name of the company was printed on it for advertisement purpose for Rs.1000. This is —–
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Incorrect
Question 14 of 30
14. Question
1 points
Medium term loan obtained from bank for augmenting working capital is ———-
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Question 15 of 30
15. Question
1 points
If repairs of Rs. 100 are done on a machinery then which account will be debited?
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Incorrect
Question 16 of 30
16. Question
1 points
Heavy advertisement expenditure should be treated as ————
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Incorrect
Question 17 of 30
17. Question
1 points
‘A’ purchased a car on 01.06.2010 for Rs.5,60,000 and incurred Rs.25,000 for repairs etc. he paid 10,000 as insurance. Rs.1500 for petrol.
what amount should be debited to Car A/C
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Incorrect
Question 18 of 30
18. Question
1 points
XYZ Limited has a house for 3 years .It used it as guest house .Now it incurred an expenditure for 2,50,000 for repairing the roof of this house.
Expenses incurred on such repairs are—–
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Question 19 of 30
19. Question
1 points
Which of the following expenses will not be incurred in the acquisition of plant?
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Question 20 of 30
20. Question
1 points
A new machinery was purchased in Delhi and brought it to Jaipur factory site for installation. The machine was
damaged during transit and repair expenses were incurred amounting to Rs.20,000. Such repair will be treated as———
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Question 21 of 30
21. Question
1 points
Revenue expenditure wrongly recorded as capital expenditure will result in ———–
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Incorrect
Question 22 of 30
22. Question
1 points
Expenditure incurred of Rs.20,000 for trial run of a newly installed machinery would be ————
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Question 23 of 30
23. Question
1 points
Amount spent on increasing the seating capacity in the cinema hall is———–
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Question 24 of 30
24. Question
1 points
Renewal fee for patent is a —————-
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Question 25 of 30
25. Question
1 points
Shivam purchased an old Building for Rs.50 lakhs . He demolished the building for purpose of constructing shopping mall on the same site. Demolition cost was Rs.1 laksh. Construction cost of the mall was Rs.35 lakhs. He inaugurated it and the inauguration cost was Rs.50,000 capital expenditure was.
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Incorrect
Question 26 of 30
26. Question
1 points
Rohit is in real estate business. On 6th June 2017 he sold a penthouse for Rs.4 crores(Costing Rs.3.5 crores). The amount realised is a ———–
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Question 27 of 30
27. Question
1 points
Deepawali advance given to employee is ————
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Question 28 of 30
28. Question
1 points
The amount of revenue expenditure will be ————
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Question 29 of 30
29. Question
1 points
The unexpired portion of capital expenditure is shown in the financial statements—- ———–
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Question 30 of 30
30. Question
1 points
Legal expenses incurred in defending a suit for breach of contract to supply goods is a —————