In the accounting cycle ___________ items are to be shown in the trading and profit and loss account.

(a)

capital

(b)

revenue

(c)

income

(d)

none of these

___________ items are to be shown in the Balance sheet.

(a)

Capital

(b)

Expense

(c)

Revenue

(d)

Loss

The benefits of ___________ are available for more than one year.

(a)

Capital expenditure

(b)

Revenue expenditure

(c)

Referred revenue expenditure

(d)

Capital profit

____________ is recurring in nature.

(a)

Deferred revenue expenditure

(b)

Revenue expenditure

(c)

Capital expenditure

(d)

None of these

Depreciation on fixed asset is an example of ____________

(a)

Capital expenditure

(b)

Revenue expenditure

(c)

Capital profit

(d)

Revenue profit