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11th Standard English Medium Accountancy Subject Capital and Revenue Transactions Creative 1 Mark Questions with Solution Part - I

11th Standard

    Reg.No. :
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Accountancy

Time : 00:30:00 Hrs
Total Marks : 5
    5 x 1 = 5
  1. 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

  2. ___________ items are to be shown in the Balance sheet.

    (a)

    Capital

    (b)

    Expense

    (c)

    Revenue

    (d)

    Loss

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

    (a)

    Capital expenditure

    (b)

    Revenue expenditure

    (c)

    Referred revenue expenditure

    (d)

    Capital profit

  4. ____________ is recurring in nature.

    (a)

    Deferred revenue expenditure

    (b)

    Revenue expenditure

    (c)

    Capital expenditure

    (d)

    None of these

  5. Depreciation on fixed asset is an example of ____________

    (a)

    Capital expenditure

    (b)

    Revenue expenditure

    (c)

    Capital profit

    (d)

    Revenue profit

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