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Accounting MCQs — Test 7

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Question 1
Capital expenditure is an expenditure which
Question 2
Any donation received for a specific purpose is a_________?
Question 3
Which of the following is an item of capital expenditure?
Question 4
The balance of which of the following accounts do not disappear, once they are debited/credited to Trading Account?
Question 5
Which one of the following should be considered a revenue expenditure?
Question 6
Which of the following statements are / is true? – Events after Balance Sheet are?
Question 7
Which one of the following is a capital expenditure?
Question 8
Which of the following items should not be capitalized relating to fixed assets?
Question 9
Which of these errors affect only one account?
Question 10
Which of these errors affect two or more accounts