B.COM AFM-1 (Capital Revenue Expenditure Receipt) MCQ's




Question 91 :
Sold Government Bonds ` 30,000

  1. Revenue receipt
  2. Capital receipt
  3. Deferred revenue expenditure
  4. None of the above
  

Question 92 :
Addition of a Gallery to factory is a

  1. Capital expenditure
  2. Revenue expenditure
  3. Deferred revenue expenditure
  4. None of the above
  

Question 93 :
Discount allowed on issue of shares is

  1. Deferred revenue expenditure
  2. Capital expenditure
  3. Revenue expenditure
  4. All of the above
  

Question 94 :
Erection of a gas boiler to replace the old

  1. Capital
  2. Revenue
  3. D.R. Expenses
  4. None of the above
  

Question 95 :
Expenses incurred to bring the second hand machine in working condition is a capital expenditure.

  1. TRUE
  2. FALSE
  

Question 96 :
Expenditure incurred on renovation of a shop, which increased the capacity, is a capital expenditure.

  1. TRUE
  2. FALSE
  

Question 97 :
Heavy legal expenses are _____ _____ _____ .

  1. capital
  2. deferred revenue expenditure
  3. revenue
  4. None of the above
  

Question 98 :
Depreciation is _____ in nature.

  1. capital
  2. None of the above
  3. deferred revenue expenditure
  4. revenue
  

Question 99 :
Received on issue of debentures

  1. Revenue receipt
  2. Capital receipt
  3. Capital profit
  4. All of the above
  

Question 100 :
Took loan from SBI ` 5,00,000

  1. Revenue receipt
  2. Capital receipt
  3. Deferred revenue expenditure
  4. None of the above
  

Question 101 :
Legal expenses incurred in raising debenture loans

  1. Capital
  2. Revenue
  3. D.R. Expenses
  4. None of the above
  

Question 102 :
Capital expenditure is non-recurring in nature.

  1. TRUE
  2. FALSE
  

Question 103 :
Expenses incurred to keep the machine in working condition is a capital expenses.

  1. TRUE
  2. FALSE
  

Question 104 :
Overhauling of machinery is a _____ expenditure.

  1. capital
  2. revenue
  3. deferred revenue expenditure
  4. None of the above
  

Question 105 :
Purchased a lathe machine ` 1.50 lakhs

  1. Revenue expenditure
  2. Capital expenditure
  3. Deferred revenue expenditure
  4. None of the above
  

Question 106 :
Legal expenses in connection with purchase of land ` 50,000

  1. Revenue expenditure
  2. Capital expenditure
  3. Deferred revenue expenditure
  4. None of the above
  

Question 107 :
Capital work in progress is a capital expenditure.

  1. TRUE
  2. FALSE
  

Question 108 :
Paid penalty of ` 1,000 for violation of municipal rules

  1. Revenue expenditure
  2. Capital expenditure
  3. Deferred revenue expenditure
  4. None of the above
  

Question 109 :
Revenue earned in the current year but not received is an asset.

  1. TRUE
  2. FALSE
  

Question 110 :
Cost of goods purchased for resale is –

  1. Capital expenditure
  2. Revenue expenditure
  3. Deferred revenue expenditure
  4. None of the above
  

Question 111 :
Furniture purchased charged to revenue. The profit will

  1. Increase
  2. Decrease
  3. Remain constant
  4. All of the above
  

Question 112 :
_____ expenditure is non-recurring.

  1. Capital
  2. deferred revenue expenditure
  3. Revenue
  4. None of the above
  
Pages