📒Accounting MCQs
Accounting MCQs
397 MCQs211
Expenses of the following nature are treated as a Revenue expenses except__________?
AExpenses for day to day running of the business
BPutting the new asset in working condition
CDepreciation
DPurchase of raw material
212
Which of these types of expenditure would not be treated as a Capital Expenditure?
AAcquisition of an Asset
BExtension of an Asset
CImprovement of the existing Asset
DMaintenance of the Asset
213
Which of the following is a capital expenditure?
ARepair of plant and machinery
BSalary paid to workers
CCost of stand by equipment
DAnnual whitewash of the office building
214
Which of the following is a revenue expenses?
ARaw material consumed
BPlant purchased
CLong term loan raised from bank
DShare Capital
215
Revenue is generally recognized as being earned at that point of time when?
Asale is effected
Bcash is received
Cproduction is completed
Ddebts are collected
216
Revenue receipts are shown in___________?
ABalance Sheet
BProfit and Loss appropriation A/c
CManufacturing A/c
DTrading and Profit and Loss A/c
217
Capital expenses are shown in___________?
ABalance Sheet
BProfit and Loss A/c
CTrading A/c
DNone of these
218
The periodic total of purchase day book is posted to____________?
APurchase register
BPurchase A/c
CCash purchase A/c
DCredit purchase A/c
219
The periodic total of sales day book is posted to___________?
ASales A/c
BCash sales A/c
CSales return A/c
DCredit sales A/c
220
Which of these is not a special purpose journal?
ACash journal
BPurchase journal
CDebtors journal
DSales journal