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11th Standard Accounts Capital and Revenue Transactions English Medium Free Online Test One Mark Questions with Answer Key 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. Expenditure incurred Rs.20,000 for trial run of a newly installed machinery will be

    (a)

    Preliminary expense

    (b)

    Revenue expenditure

    (c)

    Capital expenditure

    (d)

    Deferred revenue expenditure

  2. Pre-operative expenses are

    (a)

    Revenue expenditure

    (b)

    Prepaid revenue expenditure

    (c)

    Deferred revenue expenditure

    (d)

    Capital expenditure

  3. ____________ is recurring in nature.

    (a)

    Deferred revenue expenditure

    (b)

    Revenue expenditure

    (c)

    Capital expenditure

    (d)

    None of these

  4. ___________ is received in the normal course of business

    (a)

    Capital receipt

    (b)

    Capital expenditure

    (c)

    Revenue receipt

    (d)

    Revenue loss

  5. Shanthi introduces Rs.50,000 as additional capital in the business. This amount will be considered as _____________.

    (a)

    Capital receipt

    (b)

    Revenue receipt

    (c)

    Capital expenditure

    (d)

    Revenue expenditure

  6. Expenses on advertisement will be classified under _________

    (a)

    Capital expenditure

    (b)

    Revenue expenditure

    (c)

    Deferred revenue expenditure

    (d)

    Capital receipt

  7. Excess of revenue expenditure over revenue receipt is ____________

    (a)

    Revenue expenditure

    (b)

    Net profit

    (c)

    Net loss

    (d)

    Gross profit

  8. The 'receipt' which is invested in the business for a long time is ____________

    (a)

    Capital receipt

    (b)

    Revenue receipt

    (c)

    Investment receipt

    (d)

    None of these

  9. Amount of Rs.5,000 spent as lawyer's fee to defend a suit claiming that the firm's factory site belonged to the plaintif's land is ____________

    (a)

    Capital expenditure

    (b)

    Revenue expenditure

    (c)

    Prepaid revenue expenditure

    (d)

    Revenue receipt

  10. Small repair charges incurred on a building is a ___________

    (a)

    Revenue expenditure

    (b)

    Capital expenditure

    (c)

    Deferred revenue expenditure

    (d)

    Prepaid Revenue expenditure

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TN 11th Standard Accountancy free Online practice tests

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