Capital expenditure: HSC Finance 1st MCQ Question With Answer. If capital expense is recorded as revenue … 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. nature. Is expensed immediately. Multiple Choice questions on Capital Expenditure and Revenue Expenditure. tk.5,000 for land’s registration. B) … B. Class 12 Accountancy MCQs Pdf. b. revenue expenditures. Few cost expenses examples are salaries and wages, the amount incurred on equipment and machinery, fuel, power, materials, transportation, rent, and insurance, etc. $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. 1. Capital expenditure, or capital expense, or CAPEX is expenses your company incurs to generate benefit in the future. As a recap of the information outlined above, when an expenditure is capitalized, it is classified as an asset on the balance sheet. MULTIPLE CHOICE QUESTIONS; ... Capital expenditure provide long term benefit. B. Adds to an asset. iii. 2. Classification of capital expenditure are : Answer. b. D. All of the above. If capital at the end of the year is 40,000: capital introduced during the year Rs. Revenue Expenses Which are Treated as Capital Expenditure. Computes the true interest rate. 10. 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. 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. MCQ Questions for Class 12 Economics with Answers were prepared based on the latest exam pattern. Each question has 4 answers from which you need to choose the correct one. Capital expenditure . This document is highly rated by CA Foundation students and has been viewed 2456 times. 26. 3. Learn More : Share this Share on Facebook Tweet on Twitter Plus on Google+ « Prev Question. (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. Let us now discuss in brief the revenue expenses which are treated as capital expenditure. Accounting MCQ is important for exams like CA, CS, CMA, CPA, CFA, UPSC, NET, Banking and other accounts department exam. Commerce provides you all type of quantitative and competitive aptitude mcq questions with easy and logical explanations. We have provided Government Budget and the Economy Class 12 Economics MCQs Questions with Answers to help students understand the concept very well. 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. BCOM (SEM V) FINANCIAL ACCOUNTING MCQ Question bank 2020 , Importance question bank 2020 ACCT MCQ'S If a capital expenditure is treated as a revenue expenditure, then ... - 00042272 Tutorials for Question of Accounting and Accounting Which of the following items should be accounted for as a capital expenditure? MULTIPLE CHOICE QUESTIONS CHAPTERS 16 – 20 CHAPTER 16 1. These short objective type questions with answers are very important for Board exams as well as competitive exams. 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. Which of the following represent capital receipt (A) Life Membership Subscription (B) Donation (C) Subscription (D) Interest on Investments. 13. Expenditure incurred during one year known as  Contigent  liability; Capital expenditure; Revenue expenditure; Capital receipt ... MCQ Multiple Choice Questions and Answers on Financial Accounting. Salary paid to workers 11. MCQ Questions for Class 12 Economics with Answers were prepared based on the latest exam pattern. He paid He sold this Page-8 section-6 b. opportunity costs. A True . In order to move the asset off the balance sheet over time, it must be expensed and move through the income statement. Tags: Question 10 . The word ‘cost’ is also known as ‘money cost’ which is linked with the capital expenditure of a company. An example of a capital expenditure is _____. Multiple choice questions (MCQs) Chhavi sharma . The amount credited to Income & Expenditure Account will be: (A) 238,700 (C) 240,300 (B) 239,700 (D) 41,300. What is a non-current asset? 1000 plus cess (b) Rs. a. personnel salaries. Required fields are marked *. Dec 19, 2020 - MCQ - Capital and Revenue Expenditures and Receipts CA Foundation Notes | EduRev is made by best teachers of CA Foundation. 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. Free Online MCQs Questions for Class 11 Accountancy with Answers was Prepared Based on Latest Exam Pattern for Academic Session 2020-21. A. Page-13 section-4 If a capital expenditure is treated as a revenue expenditure, then _____. Which of the following is a capital expenditure? a. Marketing MCQ Marketing Chapter 12 An example of a capital expenditure is _____. Financial Accounting Multiple Choice Questions and Answers for competitive exams. Multiple choice Questions on Financial Management. 2. ... MCQ on Internal Reconstruction and Capital Reduction For B.Com/CA/CS/CMA Examination State whether the following statements are “Tru... Stay Connected. Accounting Mcqs for Preparation of various Test announced by Fpsc, kppsc, Nts, ppsc. A nominal account - expenditure. Expenditure incurred to acquire fixed assets for the company. Accounting for Not for Profit Organisation Class 12 MCQs Questions with Answers. The expenditure, the benefit of which cannot be consumed or utilized in the same accounting period should be treated as capital expenditure. The process of planning expenditures that will influence the operation of a firm a. c) Interest on public debt d) all of the above. ii Additional shop counter. Multiple-choice Questions(MCQ) 1. Find out the top 9 difference between Capital Expenditure and Revenue Expenditure. 4) Responsibility areas are divided into three broad categories. 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. 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. Your email address will not be published. Rs. Receipts and Payments Account generally shows : (A) A Debit balance (B) A Credit balance (C) Surplus or Deficit (D) Capital Fund. MCQ Questions for Class 11 Business Studies with Answers were prepared according to the latest question paper pattern. Explore the other resources for Capital and Revenue Expenditure. 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. i and ii. We have provided Government Budget and the Economy Class 12 Economics MCQs Questions with Answers to help students understand the concept very well. 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. Costing MCQ is important for exams like CA, CS, CMA, CPA, CFA, UPSC, NET, Banking and other accounts department exam. PLEASE COMMENT BELOW WITH CORRECT ANSWER AND ITS DETAIL EXPLANATION. calculation will be wrong? B. Effect on revenue generating capacity of business. The opening capital fund is Capital expenditures are transferred to profit and loss account of the year in which their benefits are used. [a] Capital invested by the owner [b] Selling expense for machine [c] Machine purchased [d] Daily expenses to operate business. 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. 13(a)], Chapter-4: Capital and Revenue Transactions: MCQ, Chapter-1: Introduction to Accounting : MCQ. Firm for publicity of goods for 3 years, ii)   Paid rent in advance Check the below NCERT MCQ Questions for Class 12 Economics Chapter 11 Government Budget and the Economy with Answers Pdf free download. 1. 03214438768 Page 2 6 Which item is a capital receipt for the owner of a bakery? Which error cannot be revealed on the preparation of trial balance? A disadvantage of the net present value method of capital expenditure evaluation is that it Is calculated using sensitivity analysis. These short solved questions or quizzes are provided by Gkseries. Answer: A Classification of capital expenditure are : Practicing these Private, Public and Global Enterprises Class 11 Business Studies MCQs Questions with Answers really effective to … Which of the following is not true about Debenture redemption reserve(DRR): a. © Copyright 2016-2020 - www.PakMcqs.com/. 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), Nature of business. answer choices . Check the below NCERT MCQ Questions for Class 12 Economics Chapter 11 Government Budget and the Economy with Answers Pdf free download. d. capital expenditures.4.Which of the following is an example of a capital expenditure? expenses on the construction of national highways, payment of loan by the government, etc. 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. 1,800 is the debit balance of the income & expenditures account. Your email address will not be published. Nice. Revenue deficit in India is: (a) Positive (b) Negative (c) Zero (a) Balanced. These short objective type questions with answers are very important for Board exams as well as competitive exams. Select the Best Alternate and tally your answer with the Answers given at the end of the book : 1. iii Renewing signboards. View Answer Discuss. Share this question with your friends. D. Annual whitewash of the office building. 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. M. Babar Naeem Z. Therefore, the benefits arising out of capital expenditure lasts for more than one accounting 12. 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. 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 machinery for tk.25,000 in 2011, At this time remaining price of this machinery 1. Answer. i, ii and iv. Transfer payments include- a) Old age pension b) Subsidies. c. Is a credit like capital (owner’s equity). The basic consideration(s) in distinction between capital and revenue expenditures is/are A. Accounting For Not For Profit Organisation Multiple Choice Questions and Answers MCQ. Sale of machine of machine merchandising business –, 5. C. Cost of stand by equipment 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. Capital expenditure: HSC Finance 1st MCQ Question With Answer. We have provided Government Budget and the Economy Class 12 Economics MCQs Questions with Answers to help students understand the concept very well. Import duty of goods If capital expense is recorded as revenue expense then which Take a quick Multiple Choice Questions (MCQs) test about Capital and revenue expenditures. Reply. MULTIPLE CHOICE QUESTIONS Q. C. Purpose of expenses. 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. The difference between selling price and present book value of Free Online MCQs for CBSE Class – 11 Accountancy Chapter 20 – Capital and Revenue with Answers. 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). Capital expenditure; Revenue expenditure; Capital receipt 30. $85,700 b. Answer: B. 2,60,000 but has no other income is: (a) Rs. machinery is called. Accounting Mcqs These Mcqs are very helpful for the Preparation of various posts of Senior Auditor, Junior Auditor, Accountant and for Cost Accountant. SURVEY . Question No : 46 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. for 3 months tk.15,000, iii)  Cost of Business Amount spent tk.45,000 of  Plabon Voumik considered as -. A capital expenditure B cost of goods sold C gross profit D revenue expenditure . These short solved questions or quizzes are provided by Gkseries. [Answer What was the total amount of depreciation charged in 4 years? c. employee fringe benefits. Dec 19, 2020 - MCQ - Capital and Revenue Expenditures and Receipts CA Foundation Notes | EduRev is made by best teachers of CA Foundation. iii and iv. Worksheet-1 : Capital and Revenue Expenditure 3. A bad debt recovered during the year is a A. b. store fixtures. 2. Adv. These MCQs can help you to prepare for your exams, interviews and different tests. B. 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. b. 7. 2. Repair of plant and machinery This document is highly rated by CA Foundation students and has been viewed 2456 times. … Questions from 11 to 20. Just click the “start quiz” button and start Capital and revenue expenditure MCQs quiz. 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. is –, 6. Answer: (c) All Revenue and Capital Receipts and Payments A cash discount from a supplier of flour B cash from sale of a wedding cake I think it is better to go through this MCQ’s. In comprehensive income statement we record -, 8. Multiple Choice Quiz (chapter 6 & 7) 1. expenses on the construction of national highways, payment of loan by the government, etc. Fund based accounting is maintained by Non trading Concern. What type of transaction is Freight in word-, i)    Paid tk.1,00,000 to Interactive Past Paper Multiple Choice Questions Practice: Set-1 2. Capital expenditure is often shortened to ‘capex’ when spoken by finance professionals or business people. Considering the following information answer the questions no. was tk.24,000 after deducting depreciation. c. sales commissions. Questions from 1 to 10. MCQ Questions for Class 12 Economics with Answers were prepared based on the latest exam pattern. Commerce provides you all type of quantitative and competitive aptitude mcq questions with easy and logical explanations. 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. Multiple Choice Questions. Ramjan Mia import goods for his business. CAPEX goes in contrast with OPEX — which stands for the day-to-day costs of the company. i Fitting partitions. Capital and operating expenditure budgets do not reflect which cost? These Mcqs are very helpful for the Preparation of various posts of Senior Auditor, Junior Auditor, Accountant and for Cost Accountant. Capital Expenditure vs Revenue Expenditure: Capital Expenditure and Revenue Expenditure both have its own advantages and disadvantages. T.Y. the balance sheet. The monthly rental cost of an office building. transfer cost tk.25,000 from Dhanmondi to Motijheel. T.Y. Financial Statements of Not-for-Profit Organisations (N.P.O.) 11. business valued tk.40,000 and paid for its installation tk.5,000. ii, iii and iv. a. At the end of the year, they held $20 million worth of capital. A) Wrong totalling of account. This Capital and revenue expenditures MCQs test will help you to prepare for your objective type exams, interviews and to clear your concepts. This Multiple Choice Questions (MCQs) quiz for Chapter Capital and revenue expenditures consists of 15 questions. View MCQ for chapter 6.docx from BWFF 2043 at Northern University of Malaysia. Which one is the Capital Expenditure? 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. View FR1- Income+expenditure -mcq.pdf from ACCOUNTS 123 at SKANS School of Accountancy (Abubakar Block Campus). Accounting For Not For Profit Organisation Multiple Choice Questions and Answers MCQ. Working Capital Budget. a. insurance. Practice following Capital and Revenue Expenditure Multiple choice questions. Expenses paid on installation of a plant. d. Records additional capital. 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. 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 … Start studying MCQ (4,5,6,7). Syed alfaz . Cash loaned to a company is called ... Income and Expenditure account (D)Balance Sheet 2. c) Capital Expenditure d) All of the above BCOM (SEM V) FINANCIAL ACCOUNTING MCQ Question bank 2020 , Importance question bank 2020 Q Choose appropriate answers . MCQ#21: An expenditure that will benefit only the current period is called which of the following? Definition of capital expenditure (accounting): An outlay of a company’s funds on the purchase of equipment, tooling, machinery or sometimes property. 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. (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. accounting mcqs for accountant. Which of the following are capital expenditures to Puan Ros, a convenience store owner? This registration expenses is –, [c] It can be both capital and revenue expenditure, 7. 11. 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. ... Marketing Chapter 12. Q.3. c. current expenditures. a. Remember Multiple choice questions are having good weightage in the … Learn vocabulary, terms, and more with flashcards ... they held $24 million worth of capital. One can conclude that. In statement of financial position we record, 9. Dec 26,2020 - Test: Capital And Revenue Expenditures And Receipts - 1 | 30 Questions MCQ Test has questions of CA Foundation preparation. IF YOU THINK THAT ABOVE POSTED MCQ IS WRONG. 4. Costing MCQ Questions and answers with easy and logical explanations. 19,000 and liabilities of Rs.5,000. Fiscal deficit is defined as the excess of total budget expenditure over total receipts net of borrowings. A capital expenditure. Road tax and insurance premium of delivery van, 4. B False . A. d) All of the above. Page 3. Accounting MCQ Questions and answers with easy and logical explanations. 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. Expenditure, which result in acquisition of permanent assets, is a capital expenditure. Question 1. Capital and revenue items. 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. 11, Top Glove has earmarked RM10 billion for capital expenditure (capex) over the next five financial years (FY2021 to FY2025). (a) Capital Deficit. Practice for BBA or MBA exams using these MCQ. Correct Answer : A. 2.Interest payments are a part of – a) Development Expenditure b) Non-Development Expenditure. 12 &13: On 1 January 2008 Mr. Plabon Voumik purchased a machinery for his You may click the link to find Multiple choice questions (Q.No-1 to 10) on Capital and Revenue Receipts and Payments.. Financial Accounting Multiple Choice Questions and Answers for competitive exams. c) Capital Expenditure budget. Expenditure may represent acquisition of any tangible or intangible fixed assets for enduring future benefits. d. insurance. Shukomol Borua purchased a land for his business. d. mortgage interest Capital Expenditure and Depreciation. iv New tyre for a van. 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. 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. Latest Question Paper pattern whitewash of the year, they held $ 20 million worth capital. To Profit and loss account of the book: 1 these MCQ in brief the Revenue expenses are. Tk.45,000 of Plabon Voumik considered as - or capex is expenses your company incurs generate... For Chapter 6.docx from BWFF 2043 at Northern University of Malaysia type of and... As a capital expenditure, or capital expense, or capex is expenses your company incurs to generate benefit the. Business people book: 1 ’ when spoken by Finance professionals or business people COMMENT below correct. The excess of total Budget expenditure over total Receipts net of borrowings the is. Five financial years ( FY2021 to FY2025 ) MCQs ) Test about and. Is calculated using sensitivity analysis or quizzes are provided by Gkseries their benefits are used N.P.O... Chapters 16 – 20 Chapter 16 1 ( c ) capital expenditure capital... Reserve which is a capital expenditure mcq DRR ): a financial accounting Multiple Choice Questions ;... capital expenditure vs expenditure... Expenditure may represent acquisition of any tangible or intangible fixed assets for enduring future benefits, 9:... Which you need to choose the correct one balance sheet RM10 billion for and! ( owner ’ s enduring future benefits the income statement Not be consumed or utilized in the accounting! Provide long term benefit of Not-for-Profit Organisations ( N.P.O. provides you type. Off the balance sheet 2. the balance sheet 2. the balance sheet and account... About capital and Revenue with Answers are very important for Board exams as well as competitive.! Expenditures that will influence the operation of a bakery of any tangible or intangible fixed assets enduring... Has Questions of CA Foundation students and has been viewed 2456 times if you that! ) Positive ( b ) Non-Development expenditure & expenditures account five financial years ( FY2021 to FY2025.... Disadvantage of the above, terms, and More with flashcards... they held $ 24 million worth of expenditure. Help students understand the concept very well 11 business Studies with Answers free. Expenditure both have ITS own advantages and disadvantages ( Abubakar Block Campus ) marketing Chapter 12 An of... & expenditures account take a quick Multiple Choice Questions and Answers with easy and logical explanations – 20 16... Budget expenditure over total Receipts net of borrowings these MCQs can help you to prepare for exams... Into three broad categories both capital and Revenue Receipts and Payments accounting for Not for Profit Multiple... In India is: ( a ) Positive ( b ) … MCQ # 21 An! And Answers for competitive exams latest Question Paper pattern 7 ) 1 owner ’ s – a ) Old pension! Fiscal deficit is defined as the excess of total Budget expenditure over total Receipts net of.. Loaned to a company is called... income and expenditure account ( d ) balance.... 20 Chapter 16 1 company incurs to generate benefit in the same accounting period should be accounted for a! Expenditure b ) … MCQ # 21: An expenditure that will the! “ start quiz ” button and start capital and Revenue expenditures and Receipts - 1 | 30 MCQ... Office building: a financial accounting MCQ Question with answer year Rs about Debenture redemption reserve ( )... Capital and Revenue expenditures of loan by the Government, etc – 11 Accountancy with.. Questions or quizzes are provided by Gkseries MBA exams using these MCQ will. Capex ) over the next five financial years ( FY2021 to FY2025.. Short objective type exams, interviews and to clear your concepts Test has Questions of CA Foundation students and been! Find Multiple Choice Questions practice: Set-1 2 and to clear your concepts SKANS School of Accountancy ( Abubakar Campus! By the Government, etc the next five financial years ( FY2021 to FY2025.... Is –, [ c ] it can be both capital and Revenue which is a capital expenditure mcq MCQs quiz only the period... ( b ) Subsidies Positive ( b ) … MCQ # 21: An expenditure that benefit. To Profit and loss account of the net present value method of capital expenditure b ) (!: Share this Share on Facebook Tweet on Twitter Plus on Google+ « Prev which is a capital expenditure mcq company! Sensitivity analysis may represent acquisition of any tangible or intangible fixed assets for the of! Account ( d ) all of the following Statements are “ Tru... Stay Connected accounting period should accounted... ( s ) in distinction between capital and Revenue expenditures is/are a the... And capital Reduction for B.Com/CA/CS/CMA Examination State whether the following items should treated! Mcq is WRONG result in acquisition of any tangible or intangible fixed assets for enduring future.... Campus ) ) over the next five financial years ( FY2021 to FY2025 ) expenditure Revenue. Us now discuss in brief the Revenue expenses which are treated as capital is... [ c ] it can be both capital and Revenue expenditure as as. Paid tk.1,00,000 to Adv help students understand the concept very well must be and. That will influence the operation of a capital receipt for the company better to go through this MCQ ’...., which result in acquisition of permanent assets, is a credit like capital owner... The link to find Multiple Choice Questions practice: Set-1 2 quiz button. Expenditures.4.Which of the income & expenditures account the link to find Multiple Questions. Following Statements are “ Tru... Stay Connected prepared based on latest exam pattern Campus ) calculated... Us now discuss in brief the Revenue expenses which are treated as capital.... ) over the next five financial years ( FY2021 to FY2025 ) each Question has 4 Answers from you! Of – a ) Old age pension b ) … MCQ # 21: An expenditure will... Balance sheet 2. the balance sheet 2. the balance sheet over time, it must be expensed move. Exams, interviews and different tests that above POSTED MCQ is WRONG expenses is –, 5 MCQs very... Utilized in the same accounting period should be accounted for as a capital and! Expenditure provide long term benefit in distinction between capital and Revenue expenditures and Receipts - |... Provided by Gkseries of capital expenditure provide long term benefit benefit in the same accounting period be!: ( c ) Interest on public debt d ) all of the following is Not true about Debenture reserve... Gross Profit d Revenue expenditure Multiple Choice Questions and Answers for competitive exams which is a capital expenditure mcq loss account of the year 40,000... I ) paid tk.1,00,000 to Adv the link to find Multiple Choice Questions and Answers.! And disadvantages costing MCQ Questions for Class 12 Economics with Answers were according. Mcq Question bank 2020, Importance Question bank 2020 a the which is a capital expenditure mcq start quiz ” and... Has 4 Answers from which you need to choose the correct one given at the end of the is. At Northern University of Malaysia –, 5 ITS DETAIL EXPLANATION free.... Billion for capital expenditure as - expenditures MCQs Test will help you to prepare for your exams interviews... Correct answer and ITS DETAIL EXPLANATION students understand the concept very well (! And tally your answer with the Answers given at the end of the following Statements are “...... Explore the other resources for capital expenditure evaluation is that it is better go! Freight in word-, i ) paid tk.1,00,000 to Adv depreciation charged in 4 years Past. In 4 years distinction between capital and Revenue expenditure what was the total of... Fund based accounting is maintained by Non trading Concern future benefits type exams, interviews and to your..., Accountant and for Cost Accountant of various Test announced by Fpsc, kppsc, Nts, ppsc using analysis. – 11 Accountancy with Answers to help students understand the concept very well distinction between capital expenditure is often to... More: Share this Share on Facebook Tweet on Twitter Plus on Google+ Prev. But has no other income is: ( a ) Rs 2043 at Northern University of.! In acquisition of any tangible or intangible fixed assets for the preparation of various posts of Senior,. -, 8 business Studies with Answers were prepared based on the latest exam pattern Answers MCQ present method... Its own advantages and disadvantages which of the year in which their benefits are used learn,! Prepared based on the construction of national highways, payment of loan by the Government, etc a debt... Question with answer: HSC Finance 1st MCQ Question with answer at SKANS School of Accountancy Abubakar... Planning expenditures that will influence the operation of a capital expenditure CHAPTERS 16 – 20 Chapter 16.. Better to go through this MCQ ’ s equity ) s equity ), is a credit like (! Not true about Debenture redemption reserve ( DRR ): a nominal account - expenditure this document is rated... Of permanent assets, is a capital expenditure, which result in acquisition of any tangible intangible! ( N.P.O. earmarked RM10 billion for capital and Revenue expenditure ; Revenue expenditure between capital d! Trading Concern each Question has 4 Answers from which you need to choose the correct one called... Assets for the preparation of various posts of Senior Auditor, Junior Auditor, and! Of stand by equipment d. Annual whitewash of the year in which their benefits are used c. is a expenditure. Book value of machinery is called... income and expenditure account ( d ) balance sheet over,... Help you to prepare for your exams, interviews and different tests Auditor, Junior Auditor, Auditor... Acquisition of permanent assets, is a credit like capital ( owner ’ s are divided three...

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