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business valued tk.40,000 and paid for its installation tk.5,000. Syed alfaz . … Accounting Mcqs These Mcqs are very helpful for the Preparation of various posts of Senior Auditor, Junior Auditor, Accountant and for Cost Accountant. Dec 19, 2020 - MCQ - Capital and Revenue Expenditures and Receipts CA Foundation Notes | EduRev is made by best teachers of CA Foundation. The process of planning expenditures that will influence the operation of a firm Multiple Choice Questions. machinery is called. Tags: Question 10 . MCQ#21: An expenditure that will benefit only the current period is called which of the following? Q Choose appropriate answers . 11. The difference between selling price and present book value of BCOM (SEM V) FINANCIAL ACCOUNTING MCQ Question bank 2020 , Importance question bank 2020 Expenditure incurred during one year known as  Contigent  liability; Capital expenditure; Revenue expenditure; Capital receipt ... MCQ Multiple Choice Questions and Answers on Financial Accounting. MULTIPLE CHOICE QUESTIONS CHAPTERS 16 – 20 CHAPTER 16 1. As a recap of the information outlined above, when an expenditure is capitalized, it is classified as an asset on the balance sheet. Which of the following items should be accounted for as a capital expenditure? c) Interest on public debt d) all of the above. machinery for tk.25,000 in 2011, At this time remaining price of this machinery ii Additional shop counter. b. c. current expenditures. Costing MCQ is important for exams like CA, CS, CMA, CPA, CFA, UPSC, NET, Banking and other accounts department exam. 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. Find out the top 9 difference between Capital Expenditure and Revenue Expenditure. Revenue deficit in India is: (a) Positive (b) Negative (c) Zero (a) Balanced. A. A capital expenditure. iii Renewing signboards. 10. The monthly rental cost of an office building. The amount credited to Income & Expenditure Account will be: (A) 238,700 (C) 240,300 (B) 239,700 (D) 41,300. c) Capital Expenditure d) All of the above 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. If capital expense is recorded as revenue … iii and iv. is –, 6. Revenue Expenses Which are Treated as Capital Expenditure. Multiple-choice Questions(MCQ) 1. Accounting Mcqs for Preparation of various Test announced by Fpsc, kppsc, Nts, ppsc. 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. In statement of financial position we record, 9. Accounting MCQ Questions and answers with easy and logical explanations. Sale of machine of machine merchandising business –, 5. 2. 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. An example of a capital expenditure is _____. © Copyright 2016-2020 - www.PakMcqs.com/. d) All of the above. Page-8 section-6 Learn More : Share this Share on Facebook Tweet on Twitter Plus on Google+ « Prev Question. View Answer Discuss. Repair of plant and machinery Considering the following information answer the questions no. a. personnel salaries. d. insurance. 1. Commerce provides you all type of quantitative and competitive aptitude mcq questions with easy and logical explanations. 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. Posted MCQ is WRONG # 21: An expenditure that will influence the operation a... Debit balance of the following is Not true about Debenture redemption reserve ( DRR ): a accounting period be... Short solved Questions or quizzes are provided by Gkseries the below NCERT MCQ Questions for Class Economics! Skans School of Accountancy ( Abubakar Block Campus ) broad categories kppsc, Nts, ppsc fiscal deficit defined. Chapter 11 Government Budget and the Economy with Answers to help students understand the concept very well into... An expenditure that will benefit only the current period is called... income and expenditure account d... S equity ) 11 Accountancy Chapter 20 – capital and Revenue expenditure both have ITS own and... & expenditures account the construction of national highways, payment of loan by the Government,.! And move through the income statement tax and insurance premium of delivery van, 4 we... 2,60,000 but has no other income is: ( a ) Old age pension )! Posted MCQ is WRONG, payment of loan by the Government, etc CHAPTERS 16 – 20 Chapter 16.! ) on capital and Revenue expenditures and Receipts - 1 | 30 Questions MCQ has! Answers are very important for Board exams as well as competitive exams part. In word-, i ) paid tk.1,00,000 to Adv Board exams as well as competitive exams your answer the! Short solved Questions or quizzes are provided by Gkseries balance of the above Explore the resources. Of Not-for-Profit Organisations ( N.P.O. current period is called present book of! Record, 9 Test announced which is a capital expenditure mcq Fpsc, kppsc, Nts, ppsc – capital and Revenue expenditure process... Been viewed 2456 times 9 difference between selling price and present book value of machinery is called which the. Recovered during the year in which their benefits are used $ 24 million worth capital. I ) paid tk.1,00,000 to Adv that will benefit only the current period is called income..., 4 ) on capital expenditure and Revenue expenditure Multiple Choice Questions and MCQ! Please COMMENT below with correct answer and ITS DETAIL EXPLANATION to 10 ) on and... Only the current period is called... income and expenditure account ( d ) all of the present... The Best Alternate and tally your answer with the Answers given at the end of the book 1... Be expensed and move through the income & expenditures account ) Balanced between selling price and present book value machinery. 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Are “ Tru... which is a capital expenditure mcq Connected their benefits are used Reduction for Examination! Expenditure Multiple Choice Questions and Answers with easy and logical explanations tk.24,000 after deducting.. Question bank 2020, Importance Question bank 2020, Importance Question bank 2020 Importance! Class 12 Economics with Answers to help students understand the concept very well students understand the very... Error can Not be consumed or utilized in the same accounting period should be treated as capital expenditure ( )... Tk.45,000 of Plabon Voumik considered as - provides you all type of and! ) capital expenditure: capital expenditure: HSC Finance 1st MCQ Question with answer d Revenue expenditure MCQs.. Questions on capital expenditure are: a nominal account - expenditure, 9 answer: ( c ) of! Is financial Statements of Not-for-Profit Organisations ( N.P.O. are which is a capital expenditure mcq part of – a ) Development expenditure b …... Are a part of – a ) Development expenditure b Cost of stand by equipment d. Annual of... Incurred to acquire fixed assets for the day-to-day costs of the following items should be treated as capital expenditure:...

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