vu mgt101 Lecture No.21 - Quiz No.2
vu mgt101 Financial Accounting Quiz
This quiz belongs to book/course code vu mgt101 Financial Accounting of vu organization. We have 99 quizzes available related to the book/course Financial Accounting. This quiz has a total of 7 multiple choice questions (MCQs) to prepare and belongs to topic Lecture No.21. NVAEducation wants its users to help them learn in an easy way. For that purpose, you are free to prepare online MCQs and quizzes.
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Question 1: __________ are amounts that are paid in advance to a vender or creditor for goods and services.
Capital Expenditure
Revenue Expenditure
Prepaid Expenses
Deffered Expenditure
Question 2: __________ are those expenses for which, the benefit is enjoyed within one accounting period.
Revenue Expenses
Capital Expenses
Question 3: The term used for Revenue Expenditures is
Rehabilitation
Charged Off
Charged On
None of the given
Question 4: All Revenue expenses are grouped in
balance sheet
Profit & Loss account.
Both of above
None of the given
Question 5: The revenue expenditure that provides benefit for more than one year is called
Capital Expenditure
Revenue Expenditure
Prepaid Expenses
Deffered Expenditure
Question 6: __________ are those expenses for which benefit is enjoyed for more than one accounting period
Revenue Expenses
Capital Expenses
Question 7: It does not appear in the balance sheet.
Capital Expenditure
Revenue Expenditure
