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

Pre-operative expenses are ______.

(a)

Revenue expenditure

(b)

Prepaid revenue expenditure

(c)

Deferred revenue expenditure

(d)

Capital expenditure

____________ is recurring in nature.

(a)

Deferred revenue expenditure

(b)

Revenue expenditure

(c)

Capital expenditure

(d)

None of these

___________ is received in the normal course of business

(a)

Capital receipt

(b)

Capital expenditure

(c)

Revenue receipt

(d)

Revenue loss

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

Expenses on advertisement will be classified under _________

(a)

Capital expenditure

(b)

Revenue expenditure

(c)

Deferred revenue expenditure

(d)

Capital receipt

Excess of revenue expenditure over revenue receipt is ____________

(a)

Revenue expenditure

(b)

Net profit

(c)

Net loss

(d)

Gross profit

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

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

Small repair charges incurred on a building is a ___________

(a)

Revenue expenditure

(b)

Capital expenditure

(c)

Deferred revenue expenditure

(d)

Prepaid Revenue expenditure