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11th Standard Accounts Capital and Revenue Transactions English Medium Free Online Test One Mark Questions 2020 - 2021

11th Standard

    Reg.No. :
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Accountancy

Time : 00:10:00 Hrs
Total Marks : 10

    Answer all the questions

    10 x 1 = 10
  1. Amount spent on increasing the seating capacity in a cinema hall is

    (a)

    Capital expenditure

    (b)

    Revenue expenditure

    (c)

    Deferred revenue expenditure

    (d)

    None of the above.

  2. Interest on bank deposits is

    (a)

    Capital receipt

    (b)

    Revenue receipt

    (c)

    Capital expenditures

    (d)

    Revenue expenditures

  3. In the accounting cycle ___________ items are to be shown in the trading and profit and loss account.

    (a)

    capital

    (b)

    revenue

    (c)

    income

    (d)

    none of these

  4. The benefits of ___________ are available for more than one year.

    (a)

    Capital expenditure

    (b)

    Revenue expenditure

    (c)

    Referred revenue expenditure

    (d)

    Capital profit

  5. The loss which is not incurred in the normal course of business is ___________

    (a)

    Capital loss

    (b)

    Revenue loss

    (c)

    both 'a' and 'b'

    (d)

    None of these

  6. A plant worth Rs.8,000 is sold for Rs.8,500 the capital receipt amounts to __________

    (a)

    Rs.8,000

    (b)

    Rs.8,500

    (c)

    Rs.500

    (d)

    Rs.16,500

  7. Excess of revenue receipts over revenue expenditure is ____________

    (a)

    Net receipt

    (b)

    Net loss

    (c)

    Net profit

    (d)

    Capital profit

  8. Money spent Rs.10,000 as travelling expenses of the directors on trips abroad for purchase of Capital Asset is __________

    (a)

    Capital expenditure

    (b)

    Revenue expenditure

    (c)

    Prepaid revenue expenditure

    (d)

    Revenue receipt

  9. Interest on Investments received from UTI is ____________

    (a)

    Capital receipt

    (b)

    Revenue receipt

    (c)

    Capital expenditures

    (d)

    Revenue expenditures

  10. Premium on the issue of shares is ___________

    (a)

    Capital receipt

    (b)

    Revenue receipt

    (c)

    Capital expenditures

    (d)

    Revenue expenditures

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TN 11th Standard Accountancy free Online practice tests

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