Accounting Mcqs

Q.  Which of the following is an item of capital expenditure?

a. Research and development costs during the year
b. Interest on borrowed fund utilized for acquisition of Office Furniture
c. Installation charges paid in conjunction with the purchase of Office Equipment
d. Monthly rent of a machinery used in the business


ANSWER: See Answer
 
A capital expenditure is a non- recurring expenditure whose benefit lasts for more than one accounting period. Installation charges paid in conjunction with the purchase of office equipment is an one-time expenditure whose benefit lasts for more than one accounting period.
TasDia Network - Mcqs | Signature | Lyrics
MCQs:  Which of the following is a Nominal A/c ?
Category: MBA Questions,   Published by: T-Code Scripts
MCQs:  Goodwill A/c is a/an__________?
Category: MBA Questions,   Published by: T-Code Scripts
MCQs:  Posting is the process of____________?
Category: MBA Questions,   Published by: T-Code Scripts
MCQs:  A book wherein various accounts are opened is called____________?
Category: MBA Questions,   Published by: T-Code Scripts
MCQs:  Which of these is not a special purpose journal?
Category: MBA Questions,   Published by: T-Code Scripts
MCQs:  The periodic total of sales day book is posted to___________?
Category: MBA Questions,   Published by: T-Code Scripts
MCQs:  The periodic total of purchase day book is posted to____________?
Category: MBA Questions,   Published by: T-Code Scripts
MCQs:  Capital expenses are shown in___________?
Category: MBA Questions,   Published by: T-Code Scripts
MCQs:  Revenue receipts are shown in___________?
Category: MBA Questions,   Published by: T-Code Scripts
MCQs:  Revenue is generally recognized as being earned at that point of time when?
Category: MBA Questions,   Published by: T-Code Scripts
MCQs:  Which of the following is a revenue expenses?
Category: MBA Questions,   Published by: T-Code Scripts
MCQs:  Which of the following is a capital expenditure?
Category: MBA Questions,   Published by: T-Code Scripts
MCQs:  Which of these types of expenditure would not be treated as a Capital Expenditure?
Category: MBA Questions,   Published by: T-Code Scripts
MCQs:  Expenses of the following nature are treated as a Revenue expenses except__________?
Category: MBA Questions,   Published by: T-Code Scripts
MCQs:  Cash received from debtors would be deemed as___________of funds.
Category: MBA Questions,   Published by: T-Code Scripts
MCQs:  Generally the term fund is used to mean the difference between?
Category: MBA Questions,   Published by: T-Code Scripts
MCQs:  Which of these documents is not required for Bank Reconciliation?
Category: MBA Questions,   Published by: T-Code Scripts
MCQs:  Which of these items are taken into consideration for preparation of adjusted Cash Book
Category: MBA Questions,   Published by: T-Code Scripts
MCQs:  Credit balance as per Cash Book mean____________?
Category: MBA Questions,   Published by: T-Code Scripts
MCQs:  Debit side of Bank Pass book corresponds to___________?
Category: MBA Questions,   Published by: T-Code Scripts