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11th Standard English Medium Accountancy Subject Capital and Revenue Transactions Book Back 1 Mark Questions with Solution Part - I

11th Standard

    Reg.No. :
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Accountancy

Time : 00:30:00 Hrs
Total Marks : 5

    Part I

    5 x 1 = 5
  1. Expenditure incurred Rs.20,000 for trial run of a newly installed machinery will be ______.

    (a)

    Preliminary expense

    (b)

    Revenue expenditure

    (c)

    Capital expenditure

    (d)

    Deferred revenue expenditure

  2. Interest on bank deposits is ______.

    (a)

    Capital receipt

    (b)

    Revenue receipt

    (c)

    Capital expenditures

    (d)

    Revenue expenditures

  3. Amount received from IDBI as a medium term loan for augmenting working capital ______.

    (a)

    Capital expenditures

    (b)

    Revenue expenditures

    (c)

    Revenue receipts

    (d)

    Capital receipt

  4. Revenue expenditure is intended to benefit ______.

    (a)

    Past period

    (b)

    Future period

    (c)

    Current period

    (d)

    Any period

  5. Pre-operative expenses are ______.

    (a)

    Revenue expenditure

    (b)

    Prepaid revenue expenditure

    (c)

    Deferred revenue expenditure

    (d)

    Capital expenditure

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