Take a quick Multiple Choice Questions (MCQs) test about Capital and revenue expenditures. These MCQs can help you to prepare for your exams, interviews and different tests. Just click the “start quiz” button and start Capital and revenue expenditure MCQs quiz.
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Capital and revenue MCQs quiz
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Question 1 of 9
1. Question
An expenditure which benefits only the current period is known as:
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Your answer is incorrect. The correct answer is “Revenue expenditure” (option 2). -
Question 2 of 9
2. Question
An expenditure which is not written off in one accounting period is termed as:
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Your answer is incorrect. The correct answer is “Capital expenditure” (option 3). -
Question 3 of 9
3. Question
An expenditure that benefits several accounting periods is a:
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Your answer is incorrect. The correct answer is “Capital expenditure” (option 3). -
Question 4 of 9
4. Question
Expenditures incurred on advertising a new product is:
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Your answer is incorrect. The correct answer is “Deferred revenue expenditure” (option 2). -
Question 5 of 9
5. Question
Carriage paid on goods purchased is a:
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Your answer is incorrect. The correct answer is “Revenue expenditure” (option 2). -
Question 6 of 9
6. Question
Building destroyed by fire is a:
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Your answer is incorrect. The correct answer is “Capital loss” (option 2). -
Question 7 of 9
7. Question
Amount borrowed from bank to acquire a fixed asset is:
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Your answer is incorrect. The correct answer is “Capital receipt” (option 3). -
Question 8 of 9
8. Question
Revenue expenditures are shown in:
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Your answer is incorrect. The correct answer is “Income statement” (option 2). -
Question 9 of 9
9. Question
Capital expenditures are shown in:
Correct
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Your answer is incorrect. The correct answer is “Balance sheet” (option 1).
Awesome! your answer is correct.
Your answer is incorrect. The correct answer is “Revenue expenditure” (option 2).
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Mcqs
https://www.playaccounting.com/quizzes/mcqs/cre-mcqs/