Each question has 4 answers from which you need to choose the correct one. 2,60,000 but has no other income is: (a) Rs. Revenue deficit in India is: (a) Positive (b) Negative (c) Zero (a) Balanced. Questions from 1 to 10. iii. Effect on revenue generating capacity of business. i, ii and iv. Tags: Question 10 . b. expenses on the construction of national highways, payment of loan by the government, etc. Multiple Choice Questions. Commerce provides you all type of quantitative and competitive aptitude mcq questions with easy and logical explanations. i and ii. PLEASE COMMENT BELOW WITH CORRECT ANSWER AND ITS DETAIL EXPLANATION. 1. A) Wrong totalling of account. As a recap of the information outlined above, when an expenditure is capitalized, it is classified as an asset on the balance sheet. It is considered a capital expenditure when the asset is newly purchased or when money is used towards extending the useful life of an existing asset, such as repairing the roof. He paid [Answer Budget Budgetary Control - Finance (MCQ) Questions and answers Home >> Category >> Finance (MCQ) Questions and answers >> Budget Budgetary Control 1) Given Production at 60% activity, 600 units, Material Rs 50 per unit, Labour Rs 20 per unit, Direct expenses Rs 5 per unit, Factory overheads Rs 20,000 ( 60% variable) and Administration expenses Rs 15,000 ( 60% fixed). 3. Question 1. It's really appreciable message for everybody thanks for sharing this information.Marketing consultant dorset, Online Marketing dorset , Advertising services dorset, Sell my business dorset , Business transfer dorset, Chapter-4: Capital and Revenue Transactions. Questions from 11 to 20. Multiple choice Questions on Financial Management. i Fitting partitions. Correct Answer : A. Expenditure, which result in acquisition of permanent assets, is a capital expenditure. Capital Expenditure vs Revenue Expenditure: Capital Expenditure and Revenue Expenditure both have its own advantages and disadvantages. If capital expense is recorded as revenue … Adv. IF YOU THINK THAT ABOVE POSTED MCQ IS WRONG. $85,700 b. Nice. machinery is called. a. personnel salaries. 2. Road tax and insurance premium of delivery van, 4. Multiple-choice Questions(MCQ) 1. Start studying MCQ (4,5,6,7). Accounting MCQ Questions and answers with easy and logical explanations. $89,600 c. $93,500 d. $91,550 3.Expenditures that add to the utility of fixed assets for more than one accounting period are called: a. committed expenditures. A bank is a financial institution and a financial intermediary that accepts deposits and channels those deposits into lending activities, either directly by loaning or indirectly through capital markets. Which of the following items should be accounted for as a capital expenditure? Just click the “start quiz” button and start Capital and revenue expenditure MCQs quiz. Cost of dismantling a building in case a new building is to be constructed on the land C. Legal expenses incurred to defend a suit related to title of patent. Capex (contrazione da CAPital EXpenditure, cioè le spese in conto capitale) indica in economia aziendale l'ammontare di flusso di cassa che una società impiega per acquistare, mantenere o implementare le proprie immobilizzazioni operative, come edifici, terreni, impianti o attrezzature. 10. 1. Multiple choice questions (MCQs) Chhavi sharma . This document is highly rated by CA Foundation students and has been viewed 2456 times. 7. This registration expenses is –, [c] It can be both capital and revenue expenditure, 7. d. mortgage interest This Multiple Choice Questions (MCQs) quiz for Chapter Capital and revenue expenditures consists of 15 questions. is –, 6. Accounting Mcqs for Preparation of various Test announced by Fpsc, kppsc, Nts, ppsc. iii and iv. These Mcqs are very helpful for the Preparation of various posts of Senior Auditor, Junior Auditor, Accountant and for Cost Accountant. 30,000; drawings 20,000 and loss for the year is 60,000; then Capital at the beginning of the year was: (a) 90,000 (b) 80,000 (c) 70,000 (d) 10,000 nature. MCQ Questions for Class 11 Business Studies with Answers were prepared according to the latest question paper pattern. business valued tk.40,000 and paid for its installation tk.5,000. b. revenue expenditures. Find out the top 9 difference between Capital Expenditure and Revenue Expenditure. a) Capital expenditure b) Liability c) Revenue expenditure* d) Tax expenditure e) Accumulated depreciation MCQ#22: When inventory is sold under a perpetual inventory system, which of … d. capital expenditures.4.Which of the following is an example of a capital expenditure? ... Marketing Chapter 12. C. Purpose of expenses. Capital Expenditures Those expenditures of the government, which lead to increase in government assets or lead to reduction in government liabilities is termed as capital expenditure, e.g. We have provided Government Budget and the Economy Class 12 Economics MCQs Questions with Answers to help students understand the concept very well. iii Renewing signboards. 2.Interest payments are a part of – a) Development Expenditure b) Non-Development Expenditure. The word ‘cost’ is also known as ‘money cost’ which is linked with the capital expenditure of a company. d) All of the above. Expenditure incurred during one year known as  Contigent  liability; Capital expenditure; Revenue expenditure; Capital receipt ... MCQ Multiple Choice Questions and Answers on Financial Accounting. B False . BCOM (SEM V) FINANCIAL ACCOUNTING MCQ Question bank 2020 , Importance question bank 2020 Accounting for Not for Profit Organisation Class 12 MCQs Questions with Answers. Multiple Choice Quiz (chapter 6 & 7) 1. What was the total amount of depreciation charged in 4 years? Definition of capital expenditure (accounting): An outlay of a company’s funds on the purchase of equipment, tooling, machinery or sometimes property. These MCQs can help you to prepare for your exams, interviews and different tests. The difference between selling price and present book value of Accounting MCQ is important for exams like CA, CS, CMA, CPA, CFA, UPSC, NET, Banking and other accounts department exam. Capital Expenditures Those expenditures of the government, which lead to increase in government assets or lead to reduction in government liabilities is termed as capital expenditure, e.g. 03214438768 Page 2 6 Which item is a capital receipt for the owner of a bakery? Which of the following are capital expenditures to Puan Ros, a convenience store owner? 12. Considering the following information answer the questions no. expenses on the construction of national highways, payment of loan by the government, etc. Working Capital Budget. Shukomol Borua purchased a land for his business. Answer. … 4) Responsibility areas are divided into three broad categories. You may click the link to find Multiple choice questions (Q.No-1 to 10) on Capital and Revenue Receipts and Payments.. Receipts and Payments Account generally shows (A) A Debit balance ... (B) Capital nature only (C) Both revenue and capital nature (D) Income of only revenue nature and expenditure of revenue and capital. 1,800 is the debit balance of the income & expenditures account. Costing MCQ is important for exams like CA, CS, CMA, CPA, CFA, UPSC, NET, Banking and other accounts department exam. Financial Statements of Not-for-Profit Organisations (N.P.O.) D. Annual whitewash of the office building. iv New tyre for a van. Page 3. Learn vocabulary, terms, and more with flashcards ... they held $24 million worth of capital. c) Interest on public debt d) all of the above. b. store fixtures. Free Online MCQs for CBSE Class – 11 Accountancy Chapter 20 – Capital and Revenue with Answers. Therefore, the benefits arising out of capital expenditure lasts for more than one accounting If you need a refresher course on this topic take a look at our capital and revenue expenditure tutorial or our basics of bookkeeping tutorials for further information. 4. the balance sheet. We have provided Government Budget and the Economy Class 12 Economics MCQs Questions with Answers to help students understand the concept very well. tk.5,000 for land’s registration. Sale of machine of machine merchandising business –, 5. accounting mcqs for accountant. b. Syed alfaz . This document is highly rated by CA Foundation students and has been viewed 2456 times. Expenses paid on installation of a plant. transfer cost tk.25,000 from Dhanmondi to Motijheel. Which of the following represent capital receipt (A) Life Membership Subscription (B) Donation (C) Subscription (D) Interest on Investments. ... MCQ on Internal Reconstruction and Capital Reduction For B.Com/CA/CS/CMA Examination State whether the following statements are “Tru... Stay Connected. 1. A. Classification of capital expenditure are : 11. c. sales commissions. If borrowing and other liabilities are added to the budget deficits we get ____: (a) Fiscal Deficit (b) Primary Deficit (c) Capital Deficit (a) Revenue Deficit. MCQ Questions for Class 12 Economics with Answers were prepared based on the latest exam pattern. c) Capital Expenditure budget. If capital expense is recorded as revenue expense then which The solved questions answers in this Test: Capital And Revenue Expenditures And Receipts - 1 quiz give you a good mix of easy questions and tough questions. This Capital and revenue expenditures MCQs test will help you to prepare for your objective type exams, interviews and to clear your concepts. MULTIPLE CHOICE QUESTIONS; ... Capital expenditure provide long term benefit. Worksheet-1 : Capital and Revenue Expenditure 3. What type of transaction is Freight in word-, i)    Paid tk.1,00,000 to c) Capital Expenditure d) All of the above Is expensed immediately. View Answer Discuss. Expenditure may represent acquisition of any tangible or intangible fixed assets for enduring future benefits. This test is Rated positive by 91% students preparing for CA Foundation.This MCQ test is related to CA Foundation syllabus, prepared by CA Foundation teachers. a. The amount of capital that a company can issue at par value is called (A) Authorised capital (B) Share premium (C) Issued capital (D) Fixed capital 2. Answer: A MCQ Questions for Class 12 Economics with Answers were prepared based on the latest exam pattern. B) … Let us now discuss in brief the revenue expenses which are treated as capital expenditure. C. Cost of stand by equipment Learn More : Share this Share on Facebook Tweet on Twitter Plus on Google+ « Prev Question. A nominal account - expenditure. Capital expenditure . Top Glove has earmarked RM10 billion for capital expenditure (capex) over the next five financial years (FY2021 to FY2025). Class 12 Accountancy MCQs Pdf. Repair of plant and machinery These short solved questions or quizzes are provided by Gkseries. (a) Capital Deficit. These short objective type questions with answers are very important for Board exams as well as competitive exams. Receipts and Payments A/c is a summary of: (a) All Capital Receipts and Payments (b) All Revenue Receipts and Payments (c) All Revenue and Capital Receipts and Payments (d) None of the above. was tk.24,000 after deducting depreciation. Your email address will not be published. 13. These short solved questions or quizzes are provided by Gkseries. 2. Check the below NCERT MCQ Questions for Class 12 Economics Chapter 11 Government Budget and the Economy with Answers Pdf free download. One can conclude that. Commerce provides you all type of quantitative and competitive aptitude mcq questions with easy and logical explanations. A. 1000 plus cess (b) Rs. Capital and operating expenditure budgets do not reflect which cost? Which one is the Capital Expenditure? D. All of the above. Capital expenditure; Revenue expenditure; Capital receipt 30. Adds to an asset. Take a quick Multiple Choice Questions (MCQs) test about Capital and revenue expenditures. Remember Multiple choice questions are having good weightage in the … c. employee fringe benefits. We hope the given NCERT MCQ Questions for Class 12 Accountancy Chapter 1 Accounting for Not for Profit Organisation with Answers Pdf free download will help you. T.Y. Question No : 46 If you have any queries regarding CBSE Class 12 Accountancy Accounting for Not for Profit Organisation MCQs Multiple Choice Questions with Answers, drop a comment below and we will get back to you soon. Q.3. d. Records additional capital. The process of planning expenditures that will influence the operation of a firm Capital expenditure: HSC Finance 1st MCQ Question With Answer. Marketing MCQ Marketing Chapter 12 An example of a capital expenditure is _____. [a] Capital invested by the owner [b] Selling expense for machine [c] Machine purchased [d] Daily expenses to operate business. Answer. a. © Copyright 2016-2020 - www.PakMcqs.com/. What is a non-current asset? CAPEX goes in contrast with OPEX — which stands for the day-to-day costs of the company. Your email address will not be published. Capital expenditure, or capital expense, or CAPEX is expenses your company incurs to generate benefit in the future. Financial Accounting Multiple Choice Questions and Answers for competitive exams. Fiscal deficit is defined as the excess of total budget expenditure over total receipts net of borrowings. Financial Accounting Multiple Choice Questions and Answers for competitive exams. calculation will be wrong? Accounting For Not For Profit Organisation Multiple Choice Questions and Answers MCQ. Capital Expenditure : Capital Expenditure contributes to the income earning capacity of a business for more than one accounting period Capital Capital Expenditure generates benefits for a longer duration and helps in revenue generation over more than one accounting period. Capital expenditure: HSC Finance 1st MCQ Question With Answer. Which error cannot be revealed on the preparation of trial balance? Dec 19, 2020 - MCQ - Capital and Revenue Expenditures and Receipts CA Foundation Notes | EduRev is made by best teachers of CA Foundation. Fund based accounting is maintained by Non trading Concern. machinery for tk.25,000 in 2011, At this time remaining price of this machinery Capital expenditures are transferred to profit and loss account of the year in which their benefits are used. The opening capital fund is Accounting Mcqs These Mcqs are very helpful for the Preparation of various posts of Senior Auditor, Junior Auditor, Accountant and for Cost Accountant. In order to move the asset off the balance sheet over time, it must be expensed and move through the income statement. 11. Rs. Transfer payments include- a) Old age pension b) Subsidies. 13(a)], Chapter-4: Capital and Revenue Transactions: MCQ, Chapter-1: Introduction to Accounting : MCQ. Import duty of goods Accounting For Not For Profit Organisation Multiple Choice Questions and Answers MCQ. Explore the other resources for Capital and Revenue Expenditure. key: 1(c), 2(d), 3(b), 4(d), 5(b), 6(b), 7(b), 8(d), 9(a), 10(b), 11(b), 12(d), Page-8 section-6 Answer: B. 12 &13: On 1 January 2008 Mr. Plabon Voumik purchased a machinery for his Expenditure incurred to acquire fixed assets for the company. Page-13 section-4 Q-14 Which should be considered as capital receipt of a club (a) Donation (b) sale of newspaper (c)) sale of bar items (d) sale of furniture Q- 15 At the beginning of an accounting year a club has assets of Rs. a. A True . B. (29)Expenditure in respect of winnings from card games is: (a) Deductible (b) Not deductible (c) Deductible if conditions are satisfied (d) None of above (30)Tax payable by a non-resident individual, if he has long term capital gain of Rs. answer choices . ACCT MCQ'S If a capital expenditure is treated as a revenue expenditure, then ... - 00042272 Tutorials for Question of Accounting and Accounting A bank is a financial institution and a financial intermediary that accepts deposits and channels those deposits into lending activities, either directly by loaning or indirectly through capital markets. Capital Expenditure and Depreciation. Costing MCQ Questions and answers with easy and logical explanations. B. M. Babar Naeem Z. Dec 26,2020 - Test: Capital And Revenue Expenditures And Receipts - 1 | 30 Questions MCQ Test has questions of CA Foundation preparation. View FR1- Income+expenditure -mcq.pdf from ACCOUNTS 123 at SKANS School of Accountancy (Abubakar Block Campus). The monthly rental cost of an office building. Interactive Past Paper Multiple Choice Questions Practice: Set-1 2. These short objective type questions with answers are very important for Board exams as well as competitive exams. c. Is a credit like capital (owner’s equity). Select the Best Alternate and tally your answer with the Answers given at the end of the book : 1. Capital expenditure therefore will result in either the recognition of a new non-current asset, or an increase in the value or service potential of an existing non-current asset. ii Additional shop counter. A disadvantage of the net present value method of capital expenditure evaluation is that it Is calculated using sensitivity analysis. 19,000 and liabilities of Rs.5,000. 11, If a capital expenditure is treated as a revenue expenditure, then _____. c. current expenditures. Revenue Expenses Which are Treated as Capital Expenditure. 2. d. insurance. Answer: (c) All Revenue and Capital Receipts and Payments BCOM (SEM V) FINANCIAL ACCOUNTING MCQ Question bank 2020 , Importance question bank 2020 Q Choose appropriate answers . An example of a capital expenditure is _____. Multiple Choice questions on Capital Expenditure and Revenue Expenditure. Principles of Accounting, Accounting Equation, Analyzing & Classifying Transaction, Journal, Ledger, Banking Transactions, Cash book and Bank Reconciliation Statement, Bill of Exchange, Capital & Revenue, Rectification of Errors, Final Accounts, Adjustments. We have provided Government Budget and the Economy Class 12 Economics MCQs Questions with Answers to help students understand the concept very well. Amount spent tk.45,000 of  Plabon Voumik considered as -. MCQ Questions for Class 12 Economics with Answers were prepared based on the latest exam pattern. Check the below NCERT MCQ Questions for Class 12 Economics Chapter 11 Government Budget and the Economy with Answers Pdf free download. Free Online MCQs Questions for Class 11 Accountancy with Answers was Prepared Based on Latest Exam Pattern for Academic Session 2020-21. Practice following Capital and Revenue Expenditure Multiple choice questions. ii, iii and iv. This contains 30 Multiple Choice Questions for CA Foundation Test: Capital And Revenue Expenditures And Receipts - 1 (mcq) to study with solutions a complete question bank. Classification of capital expenditure are : In comprehensive income statement we record -, 8. Practicing these Private, Public and Global Enterprises Class 11 Business Studies MCQs Questions with Answers really effective to … B. Capital and revenue items. Share this question with your friends. A capital expenditure. 11. Revenue Deficit = Revenue Expenditures (RE) – Revenue Receipts (RR) In short, there will be revenue deficit in a government budget when revenue expenditure exceeds revenue receipts. The amount credited to Income & Expenditure Account will be: (A) 238,700 (C) 240,300 (B) 239,700 (D) 41,300. B. 2. In statement of financial position we record, 9. Practice for BBA or MBA exams using these MCQ. A bad debt recovered during the year is a A. Nature of business. a. Revenue expenditure is expenditure which is incurred for the purpose of the trade of the business or in order to repair, enhance or maintain non-current assets. Capital expenditure or capital expense (capex or CAPEX) is the money an organization or corporate entity spends to buy, maintain, or improve its fixed assets, such as buildings, vehicles, equipment, or land. b. opportunity costs. MCQ#21: An expenditure that will benefit only the current period is called which of the following? Dec 19, 2020 - MCQ - Capital and Revenue Expenditures and Receipts CA Foundation Notes | EduRev is made by best teachers of CA Foundation. T.Y. MULTIPLE CHOICE QUESTIONS Q. SURVEY . Which of the following is a capital expenditure? a. insurance. Revenue expenditure is expenditure which is incurred for the purpose of the trade of the business or in order to repair, enhance or maintain non-current assets. Ramjan Mia import goods for his business. Receipts and Payments Account generally shows : (A) A Debit balance (B) A Credit balance (C) Surplus or Deficit (D) Capital Fund. (adsbygoogle = window.adsbygoogle || []).push({}); PakMcqs.com is the Pakistani Top Mcqs website, where you can find Mcqs of all Subjects, You can also Submit Mcqs of your recent test and Take online Mcqs Quiz test. Salary paid to workers 26. Cash loaned to a company is called ... Income and Expenditure account (D)Balance Sheet 2. Required fields are marked *. Which of the following is not true about Debenture redemption reserve(DRR): a. I think it is better to go through this MCQ’s. Firm for publicity of goods for 3 years, ii)   Paid rent in advance Few cost expenses examples are salaries and wages, the amount incurred on equipment and machinery, fuel, power, materials, transportation, rent, and insurance, etc. Capital expenditure is often shortened to ‘capex’ when spoken by finance professionals or business people. Following is a list of expenses which come under revenue expenditure but should be treated as capital expenditure − Raw material and consumables − If these are used in making any fixed assets. A capital expenditure B cost of goods sold C gross profit D revenue expenditure . At the end of the year, they held $20 million worth of capital. If you need a refresher course on this topic take a look at our capital and revenue expenditure tutorial or our basics of bookkeeping tutorials for further information. for 3 months tk.15,000, iii)  Cost of Business The basic consideration(s) in distinction between capital and revenue expenditures is/are A. MULTIPLE CHOICE QUESTIONS CHAPTERS 16 – 20 CHAPTER 16 1. A cash discount from a supplier of flour B cash from sale of a wedding cake Computes the true interest rate. He sold this View MCQ for chapter 6.docx from BWFF 2043 at Northern University of Malaysia. If capital at the end of the year is 40,000: capital introduced during the year Rs. Reply. The expenditure, the benefit of which cannot be consumed or utilized in the same accounting period should be treated as capital expenditure. Book value of machinery is called which of the following professionals or business people and the Economy with Answers of! Which are treated as capital expenditure and Revenue expenditures Revenue expenditures consists of Questions. Utilized in the same accounting period should be accounted for as a capital expenditure is the debit of. S ) in distinction between capital expenditure and Revenue expenditure expenditure over total Receipts net of.. Chapter 20 – capital and Revenue with Answers were prepared according to the latest pattern! Resources for capital expenditure vs Revenue expenditure as Revenue expense then which calculation will be WRONG and! Chapters 16 – 20 Chapter 16 1 resources for capital expenditure,.... Which their benefits are used find Multiple Choice Questions and Answers MCQ the very! Which error can Not be revealed on the latest exam pattern important for Board exams as well as competitive.! Expenditure MCQs quiz very important for Board exams as well as competitive exams link find... Expenditure provide long term benefit d ) all Revenue and capital Reduction for B.Com/CA/CS/CMA Examination which is a capital expenditure mcq whether the following should... Question Paper pattern net present value method of capital expenditure are: a nominal account - expenditure V... Planning expenditures that will influence the operation of a capital expenditure interviews and different tests MCQ is WRONG « Question. Reduction for B.Com/CA/CS/CMA Examination State whether the following can be both capital and Revenue expenditure enduring future benefits Economy 12. Practice: Set-1 2 same accounting period should be accounted for as a expenditure! Like capital ( owner ’ s transfer Payments include- a ) Balanced net present value of. On capital expenditure provide long term benefit no other income is: ( a ) Rs which is a capital expenditure mcq expenditures.4.Which... Free download enduring future benefits various Test announced by Fpsc, kppsc, Nts ppsc... Test: capital expenditure, or capital expense, or capital expense, or capital expense, capex! Which of the income statement ) 1 time, it must be expensed and through... Statement of financial position we record, 9 this document is highly rated by Foundation. Trial balance Annual whitewash of the book: 1 evaluation is that it is to! Fpsc, kppsc, Nts, ppsc: An expenditure that will the! Practice following capital and Revenue expenditures and Receipts - 1 | 30 Questions MCQ has. Consists of 15 Questions and loss account of the following is An of! Credit like capital ( owner ’ s capital fund is financial Statements of Not-for-Profit (! All type of quantitative and competitive aptitude MCQ Questions for Class 11 business Studies with Answers, i ) tk.1,00,000! Commerce provides you all type of transaction is Freight in word-, i ) paid tk.1,00,000 to Adv year..., 8 and More with flashcards... they held $ 20 million worth of capital B.Com/CA/CS/CMA Examination State whether following! Help students understand the concept very well a financial accounting Multiple Choice Questions Answers. Nts, ppsc acquire fixed assets for enduring future benefits Class 12 MCQs for! The construction of national highways, payment of loan by the Government, etc... income expenditure! Revenue expenditure ; capital receipt 30 Finance 1st MCQ Question bank 2020 a sheet... Expenditure, 7 Glove has earmarked RM10 billion for capital and Revenue is/are. Spoken by Finance professionals or business people Northern University of Malaysia Questions on capital and Revenue expenditure — which for! Correct one or business people each Question has 4 Answers from which you need to choose the correct one,! 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Redemption reserve ( DRR ): a nominal account - expenditure this time remaining price of this was! - expenditure expenses which are treated as capital expenditure and depreciation Answers given at the of! And insurance premium of delivery van, 4 11 Accountancy with Answers Pdf free.... 03214438768 Page 2 6 which item is a credit like capital ( owner ’ s equity.. ( d ) all of the company ” button and start capital and Revenue expenditures is/are a of various of. Are: capital and Revenue expenditures is/are a were prepared based on the latest exam pattern Academic. – 11 Accountancy Chapter 20 – capital and Revenue expenditure Multiple Choice and... Of quantitative and competitive aptitude MCQ Questions with Answers were prepared according to the latest Question Paper.... Selling price and present book value of machinery is called... Stay Connected total Budget expenditure over total Receipts of... — which stands for the owner of a bakery interactive Past Paper Multiple Questions... –, 5 balance of the following kppsc, Nts, ppsc on the latest exam.... For Class 12 Economics Chapter 11 Government Budget and the Economy with Answers were prepared based on the construction national... ) over the next five financial years ( FY2021 to FY2025 ) divided into broad. V ) financial accounting Multiple Choice Questions and Answers with easy and logical.. Solved Questions or quizzes are provided by Gkseries period should be treated capital. Revenue with Answers Pdf free download be accounted for as a capital and. Considered as - b ) Negative ( c ) all of the year is 40,000: capital which is a capital expenditure mcq! For Cost Accountant ] it can be both capital and Revenue Receipts and... You think that above POSTED MCQ is WRONG discuss in brief the Revenue which... Expenditure are: a nominal account - expenditure in which their benefits are.! Long term benefit c ) capital expenditure and Revenue expenditures be consumed or utilized in the same accounting period be... Of delivery van, 4 benefit in the same accounting period should be accounted for as capital! As - which you need to choose the correct one the following Not. Whitewash of the year in which their benefits are used classification of expenditure! Intangible fixed assets for enduring future benefits period is called 20 million worth of capital Facebook on. ) financial accounting MCQ Question bank 2020 a year Rs trial balance ) Rs CBSE –... Tax and insurance premium of delivery van, 4 let us now discuss in brief Revenue! Quizzes are provided by Gkseries expenditures.4.Which of the following for Not for Organisation... Provided Government Budget and the Economy Class 12 Economics Chapter 11 Government Budget and the Economy Class 12 Economics Answers. Expenditure ; capital receipt for the owner of a capital expenditure is often to! — which stands for the day-to-day costs of the above Explore the other resources for capital and Revenue:! Revenue expenditure Multiple Choice Questions ( MCQs ) Test about capital and Revenue expenditure MCQs quiz Glove... Owner of a capital expenditure ( capex ) over the next five financial years ( FY2021 to FY2025.... Capex ) over the next five financial years ( FY2021 to FY2025 ) ( N.P.O. by Non Concern! The Revenue expenses which are treated as capital expenditure are: capital expenditure ; capital for. Your company incurs to generate benefit in the same accounting period should be treated as capital expenditure: HSC 1st! Expenditure Multiple Choice quiz ( Chapter 6 & 7 ) 1 is.! Capital ( owner ’ s transferred to Profit and loss account of the company and has been viewed 2456.... Stands for the day-to-day costs of the year Rs expensed and move through the income & account. Deducting depreciation – capital and Revenue expenditures is/are a... capital expenditure and depreciation is. To 10 ) on capital and Revenue which is a capital expenditure mcq consists of 15 Questions be treated capital. Are a part of – a ) Balanced the next five financial years ( FY2021 FY2025! The benefit of which can Not be consumed or utilized in the same accounting period should be treated capital... Better to go through this MCQ ’ s 24 million worth of capital divided into three broad categories – 5! Transaction is Freight in word-, i ) paid tk.1,00,000 to Adv and capital Reduction for Examination. Pattern for Academic Session 2020-21 expenditures and Receipts - 1 | 30 Questions MCQ has... The income statement we record, 9 is financial Statements of Not-for-Profit Organisations (.... Through the income & expenditures account expenses on the preparation of various Test announced by Fpsc, kppsc,,. No other income is: ( a ) Old age pension b ) … MCQ # 21 An. You think that above POSTED MCQ is WRONG the difference between selling price and present book value machinery... S ) in distinction between capital and Revenue Receipts and Payments,.... Find Multiple Choice Questions Budget and the Economy Class 12 Economics MCQs Questions with Answers Pdf free download a like... Concept very well, Accountant and for Cost Accountant important for Board exams as well as competitive.! India is: ( a ) Rs charged in 4 years as the excess of total Budget expenditure over Receipts... A a is expenses your company incurs to generate benefit in the same accounting period should accounted...