Financial and Management Accounting-Capital and Revenue [NTA-NET (Based on NTA-UGC) Commerce (Paper-II)]: Questions 1 - 5 of 15

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Question number: 1

» Financial and Management Accounting » Capital and Revenue

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MCQ▾

Question

All capital expenditures and receipts are taken to

Choices

Choice (4)Response

a.

Balance sheet

b.

Trial Balance

c.

Trading & P/L account

d.

None of the above

Question number: 2

» Financial and Management Accounting » Capital and Revenue

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MCQ▾

Question

All revenue expenditures and receipts are taken to

Choices

Choice (4)Response

a.

Trading & P/L account

b.

Balance sheet

c.

Trial Balance

d.

None of the above

Question number: 3

» Financial and Management Accounting » Capital and Revenue

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Appeared in Year: 2017

MCQ▾

Question

Debt financing is a cheaper source of finance because of (January Paper 2)

Choices

Choice (4)Response

a.

Time value of money

b.

Rate of interest

c.

Dividends are not payable to lenders

d.

Tax deductibility of interest

Question number: 4

» Financial and Management Accounting » Capital and Revenue

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Appeared in Year: 2015

MCQ▾

Question

Interest on loan taken for the purchase of fixed assets is a:

Choices

Choice (4)Response

a.

Capital Loss

b.

Deferred Revenue Expenditure

c.

Capital Expenditure

d.

Revenue Expenditure

Question number: 5

» Financial and Management Accounting » Capital and Revenue

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Appeared in Year: 2018

MCQ▾

Question

Which one of the following statements is not true? (September Paper II)

Choices

Choice (4)Response

a.

An expenditure intended to benefit current year is revenue expenditure.

b.

Amount paid for acquiring goodwill is capital expenditure.

c.

Wages paid for installation of a new machine is usually debited to wages account.

d.

Revenue expenditure is not intended to benefit future period.

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