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Question No 04 Chapter No 17
04. Which of the following expenses are capital, revenue or deferred revenue expenditure
| S.NO | Transaction |
Capital | Revenue | Deferred Revenue |
|
|---|---|---|---|---|---|
| (i) | Rs 80,000 were spent on putting up a gallery in a cinema hall | Capital | |||
| (ii) | A sum of Rs 38,000 was spent I overhauling its entire plant which resulted in adding five years to its working life | Capital | |||
| (iii) | A chartered accountant purchased books of Rs 4,000 for his profession | Revenue | |||
| (iv) | Rs 20,000 spent on panelling walls to cover up cracks in a cinema | Revenue | |||
| (v) | Brokerage and stamp Duty paid Rs 2,800 on purchase of building | Capital | |||
| (vi) | Spent Rs 3,200 in raising temporary huts for the workers during the construction of an office building | Deferred Revenue | |||
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Also, Check out the solved question of all Chapters: –
Chapter No. 2 - Theory Base of Accounting
Chapter No. 3 - Origin of Transactions
Chapter No. 4 - Vouchers and transactions
Chapter No. 6 - Accounting for Goods and Services Tax(GST)
Chapter No. 9 - Other Subsidiary Books
Chapter No. 10 - Journal Proper
Chapter No. 11 - Trial Balance
Chapter No. 12 - Bank Reconciliation Statement
Chapter No. 14 - Provisions and Reserves
Chapter No. 15 - Bills of Exchange
Chapter No. 16 - Rectification of Errors
Chapter No. 17 - Financial Statements - (Without Adjustments)
Accounting & Commerce Educator
Sarbjit Singh holds a B.Com and M.Com degree and has over 12 years of teaching experience in double entry bookkeeping, financial accounting, and business studies.
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