Related InterviewSolutions

• Revenue expenditure is intended to benefit ……(a) Past period (b) Future period (c) Current period (d) Any period
• Write three features of deferred revenue expenditure.
• Write any three examples of revenue expenditure.
• Write any two features of revenue expenditure.
• There are types of expenditure ……(a) One (b) Two(c) Three (d) Four
• Considerable amount spent on advertising is an example of ……expenditure. (a) capital (b) revenue (c) deferred (d) none of these
• …… expenditure is recurring in nature. (a) Capital expenditure(b) Revenue expenditure (c) Capital loss (d) Capital profit
• State whether the following expenditures are capital, revenue or deferred revenue. (a) Advertising expenditure, the benefits of which will last for three years. (b) Registration fees paid at the time of registration of a building. (c) Expenditure incurred on repairs and whitewashing at the time of purchase of an old building in order to make it usable.
• Distinguish between capital receipt and revenue receipt.
• Distinguish between capital expenditure and revenue expenditure.