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	Capital and Revenue Expenditure and Receipts Interview Questions & Answers Below we have listed all the Capital and Revenue Expenditure and Receipts Interview Questions and answers. Feel free to comment on any Capital and Revenue Expenditure and Receipts Interview Questions or answer by the comment feature available on the page. To buy an eBook containing 30,000 Interview Questions, with Answers, Click Here. View All Capital and Revenue Expenditure and Receipts Interview Questions & Answers - Exam Mode / Learning Mode
Capital and Revenue Expenditure and Receipts Interview Questions & Answers
The expenditures which generates revenue or income is called capital expenditure. Capital expenditure incurred either for buying permanent assets or for improving their exiting working capacity. Capital expenditure helps in increasing production volume or decreasing cost of production. Such expenditures are shown on the asset side of balance sheet. Any expenditure incurred in connection with the operation and administration of daily activities of the business is called revenue expenditure. Revenue expenditure is incurred for maintaining earning capacity and working efficiency of the fixed assets. Revenue expenditure is incurred for acquiring merchandise for resale either in its original or improved form. Its benefit expires within a year. An amount received in the form of capital from the owner and as loan from outsiders is known as capital receipts. Besides, cash received by selling shares, debentures and permanent assets is also capital receipt. It is of non-recurring type of recei

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Question	Rating	View Answer
Share Premium is a: a) Capital Receipt b) Revenue Receipt c) Deferred Revenue Receipt d) None of these		View Answer
Preliminary expenses are an example of: a) Revenue Expenditure b) Capital Expenditure c) Deferred Revenue Expenditure d) All of these		View Answer
Assertion: Damages paid on account of breach of contract to supply chain certain goods is a capital expenditure. Reasoning: Such damages are incurred in the ordinary course of business: a) Both the statements are correct and second is correct is a correct explanation of the first b) Both the statements are correct but second is not a correct explanation of the first c) First statement is correct but second is not d) First statement is not correct but second is correct		View Answer
Capital Receipts are represented in: a) Balance Sheet b) Trading account c) Profit & Loss A/c d) Manufacturing A/c		View Answer
A truck was purchased and after sometime, the name of the company was painted on it for advertisement purpose for Rs. 1,000/- this is: a) Capital Expenditure b) Deferred Revenue Expenditure c) Revenue Expenditure d) None		View Answer
Recovery of a bad debt is a:- a) Revenue Receipt b) Capital Receipt c) Capital Expenditure d) Revenue Expenditure		View Answer
Loss caused by theft of cash by cashier after business hours is a: a) Revenue loss b) Deferred revenue loss c) Capital loss d) None of the above		View Answer
Rs. 2,500 spent on the overhauling on purchase of second hand machinery:- a) Capital expenditure b) Revenue expenditure c) Deferred revenue expenditure d) None of the above		View Answer
If repairs of Rs. 100 are done on a machinery then which account will be debited? a) Machinery A/c b) Repairs A/c c) Capital A/c d) Wages A/c		View Answer
Machinery was purchased for Rs. 10,000 and Rs. 500 was spent for its installation. Under which account the entry should be made? (a) Profit and Loss A/c (b) Machinery A/c (c) Petty Cash A/c (d) Expenses A/c		View Answer
An old machinery is purchased for Rs. 10,000. Installation charges of Rs. 1,000 were incurred. Repairs to the old machinery = Rs. 7,000. Repairsaccount will be debited by: a) Rs. 7,000 b) Rs. 8,000 c) Nil d) None of the above		View Answer
An amount of Rs. 30,000 spent on travelling expenses of the company's director's to a foreign trip for purchase of an asset to be used in the production process. This is a: a) Capital Expenditure b) Revenue Expenditure c) Deferred Revenue Expenditure d) None of the above		View Answer
Which of the following is a revenue expenditure? a) Freight paid on purchase of plant and machinery b) Legal expenses paid to acquire a property c) Annual white wash of the factory building d) Expenses incurred to reduce working capital requirement		View Answer
Amount spent on increasing the seating capacity in a cinema hall is: a) Capital Expenditure b) Revenue Expenditure c) Deferred Revenue Expenditure d) None		View Answer
Capital expenditure provides _________ benefit: a) Short period b) Long Period c) Very short period d) None		View Answer
Heavy advertisement expenditure should be treated as:- (a) Deferred Revenue Expenditure (b) Capital Expenditure (c) Petty Cash Expenses (d) Asset Build Up		View Answer
Brokerage on the issue of shares and debentures is a __________ expenditure a) Revenue b) Capital c) Deferred Revenue d) Partly capital partly rvenue		View Answer
Medium term loan obtained from bank for augmenting working capital is: a) Revenue Expenditure b) Capital Expenditure c) Revenue Receipt d) Capital Receipt		View Answer
What is the difference between deferred revenue expenditure and prepaid expenses? a) Accounting treatment b) Estimation of amount c) Benefit for more than one accounting period d) Nature of expenditure		View Answer
Amount spent on unsuccessful patent right is a: a) Revenue Expenditure( even though the amount is large) b) Deferred Revenue Expenditure( If the amount is large) c) Capital Expenditure d) None of these		View Answer