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Free Online MCQs for Class – 11 Accountancy Chapter 20 – Capital and Revenue

Free Online MCQs for CBSE Class – 11 Accountancy Chapter 20 – Capital and Revenue with Answers. Free Online MCQs Questions for Class 11 Accountancy with Answers was Prepared Based on Latest Exam Pattern for Academic Session 2020-21. Students can solve NCERT Class 11 Accountancy Chapter 20 – Capital and Revenue Multiple Choice Questions with Answers to know their preparation level on Success Roar Classes Website itself.

Free Online MCQs for Class -11 Accountancy

Chapter 20 – Capital and Revenue with Answers

  1. Capital Expenditure is
    1. Expenditure on sale
    2. Expenditure on employee
    3. Expenditure on purchase of fixed asset
    4. All of the above
  2. Capital expenditure means an expenditure done for
    1. Increasing value or permanent efficiency of fixed asset
    2. Revaluation of asset value
    3. Related with repairing of asset
    4. All of the above
  3. Capital expenditure relates with
    1. One accounting year
    2. Two accounting year
    3. More than one accounting year
    4. None of the above
  4. Expenditure done on purchase of second hand asset, is a
    1. Revenue expenditure
    2. Capital Expenditure
    3. Depends on wish of owner
    4. None of the above
  5. Deferred Revenue expenditure is a type of
    1. Capital expenditure
    2. Revenue expenditure
    3. It’s not an expenditure, it’s an asset
    4. None of the above
  6. Received Rs. 500000 from issue of share, it is a
    1. Capital expenditure
    2. Capital receipt
    3. Revenue receipt
    4. Revenue expenditure
  7. Money received from the sale of goods, is a
    1. Capital expenditure
    2. Capital receipt
    3. Revenue receipt
    4. Revenue expenditure
  8. Depreciation on fixed asset, is an example of
    1. Capital expenditure
    2. Capital receipt
    3. Revenue receipt
    4. Revenue expenditure
  9. Capital expenditure is shown in
    1. Balance sheet
    2. P&L
    3. Both a & B
    4. None of the above
  10. Revenue expenditure is shown in
    1. Balance sheet
    2. P&L
    3. Both a & B
    4. None of the above

MCQs Questions of Class – 11 Accountancy Chapter 20 – Capital and Revenue

Answer Key

  1. (c)   2. (a)  3. (c)  4. (b)  5. (c)  6. (b)  7. (c)  8. (d)  9. (a)  10.  (b)

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