___________ is received in the normal course of business

(a)

Capital receipt

(b)

Capital expenditure

(c)

Revenue receipt

(d)

Revenue loss

The loss which is not incurred in the normal course of business is ___________

(a)

Capital loss

(b)

Revenue loss

(c)

both 'a' and 'b'

(d)

None of these

Transaction which provide benefit to the business for more than one year is called as ___________

(a)

Capital transaction

(b)

Revenue transaction

(c)

Neither of the two

(d)

None of these

Amount spent on remodelling an old car is an example of ______________

(a)

Deferred revenue expenditure

(b)

Revenue expenditure

(c)

Capital expenditure

(d)

Revenue receipt

Shanthi introduces Rs.50,000 as additional capital in the business. This amount will be considered as _____________.

(a)

Capital receipt

(b)

Revenue receipt

(c)

Capital expenditure

(d)

Revenue expenditure