Chapter 11: Capital and Revenue Transactions March 18, 2024 Maven Leave a Comment Welcome to the Chapter 11: Capital and Revenue Transactions Quiz! This quiz is based on the book back questions. Name Email 1. Pre-operative expenses are Revenue expenditure Prepaid revenue expenditure Deferred revenue expenditure Capital expenditure None 2. Revenue expenditure is intended to benefit Past period Future period Current period Any period None 3. Amount spent on increasing the seating capacity in a cinema hall is Capital expenditure Revenue expenditure Deferred revenue expenditure None of the above None 4. Expenditure incurred Rs. 20,000 for trial run of a newly installed machinery will be Preliminary expense Revenue expenditure Capital expenditure Deferred revenue expenditure None 5. Amount received from IDBI as a medium term loan for augmenting working capital Capital expenditures Revenue expenditures Revenue receipts Capital receipt None 6. Interest on bank deposits is Capital receipt Revenue receipt Capital expenditures Revenue expenditures None Time's up Related Posts:Chapter 4: Cost and Revenue AnalysisChapter 5: Capital MarketChapter 5: Market Structure and PricingChapter 8: Indian Economy Before and After Independence
Leave a Reply