In order to move the asset off the balance sheet over time, it must be expensed and move through the income statement. Cost of dismantling a building in case a new building is to be constructed on the land C. Legal expenses incurred to defend a suit related to title of patent. a. Just click the “start quiz” button and start Capital and revenue expenditure MCQs quiz. d. insurance. If you have any queries regarding CBSE Class 12 Accountancy Accounting for Not for Profit Organisation MCQs Multiple Choice Questions with Answers, drop a comment below and we will get back to you soon. iii and iv. $89,600 c. $93,500 d. $91,550 3.Expenditures that add to the utility of fixed assets for more than one accounting period are called: a. committed expenditures. The monthly rental cost of an office building. The opening capital fund is 26. B. 11. He paid C. Cost of stand by equipment Accounting for Not for Profit Organisation Class 12 MCQs Questions with Answers. A capital expenditure. i and ii. A nominal account - expenditure. Questions from 11 to 20. Capital Expenditures Those expenditures of the government, which lead to increase in government assets or lead to reduction in government liabilities is termed as capital expenditure, e.g. This test is Rated positive by 91% students preparing for CA Foundation.This MCQ test is related to CA Foundation syllabus, prepared by CA Foundation teachers. c) Capital Expenditure d) All of the above Free Online MCQs for CBSE Class – 11 Accountancy Chapter 20 – Capital and Revenue with Answers. Repair of plant and machinery Capital expenditure: HSC Finance 1st MCQ Question With Answer. Start studying MCQ (4,5,6,7). Capital and revenue items. was tk.24,000 after deducting depreciation. (29)Expenditure in respect of winnings from card games is: (a) Deductible (b) Not deductible (c) Deductible if conditions are satisfied (d) None of above (30)Tax payable by a non-resident individual, if he has long term capital gain of Rs. C. Purpose of expenses. This registration expenses is –, [c] It can be both capital and revenue expenditure, 7. transfer cost tk.25,000 from Dhanmondi to Motijheel. Select the Best Alternate and tally your answer with the Answers given at the end of the book : 1. Expenditure incurred to acquire fixed assets for the company. Rs. 19,000 and liabilities of Rs.5,000. the balance sheet. An example of a capital expenditure is _____. Is expensed immediately. MULTIPLE CHOICE QUESTIONS Q. expenses on the construction of national highways, payment of loan by the government, etc. Interactive Past Paper Multiple Choice Questions Practice: Set-1 2. Required fields are marked *. ... MCQ on Internal Reconstruction and Capital Reduction For B.Com/CA/CS/CMA Examination State whether the following statements are “Tru... Stay Connected. 3. If you need a refresher course on this topic take a look at our capital and revenue expenditure tutorial or our basics of bookkeeping tutorials for further information. iii Renewing signboards. ... Marketing Chapter 12. A bank is a financial institution and a financial intermediary that accepts deposits and channels those deposits into lending activities, either directly by loaning or indirectly through capital markets. Learn More : Share this Share on Facebook Tweet on Twitter Plus on Google+ « Prev Question. [a] Capital invested by the owner [b] Selling expense for machine [c] Machine purchased [d] Daily expenses to operate business. The amount credited to Income & Expenditure Account will be: (A) 238,700 (C) 240,300 (B) 239,700 (D) 41,300. Various Test announced by Fpsc, kppsc, Nts, ppsc process of planning expenditures that influence. Abubakar Block Campus ) by CA Foundation preparation MCQs can help you to for. 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