1501. The expenditure reduce revenue (profit) of the business are :

A. Revenue expenditure *
B. Capital expenditure
C. Fixed expenditure
D. Future expenditure

1502. Which on of the following is not appear in the balance sheet :

A. Revenue expenditure *
B. Capital expenditure
C. Deferred revenue expenditure
D. Future expenditure

1503. An expenditure incurred in increasing the efficiency of a fixed asset is called :

A. Capital expenditure *
B. Revenue expenditure
C. Current expenditure
D. None of these

1504. Any expenditure incurred in acquiring the right to carry on a business is :

A. Revenue expediture
B. Current expendtiture
C. Capital expenditure *
D. Deferred expenditure

1505. Some revenue nature expenditures are directly connected with fixed assets and are fully added to the cost of assets are :

A. Current expenditure
B. Revenue expenditure
C. Deferred expenditure
D. Capitalized expenditure *

1506. The capitalized expenditure are shown is :

A. Trading account
B. Profit and loss account
C. Balance sheet assets a side *
D. Balance sheet liabilities side

1507. Preliminary expenses are :

A. Revenue expenditure
B. Capital expenditure
C. Capitalized expenditures
D. Deferred revenue expenditure *

1508. Depreciation on fixed assets is an example of :

A. Revenue expenditure *
B. Capital expenditure
C. Deferred revenue expenditure
D. None of these

1509. Cartage paid on the new machine is :

A. Revenue expenditure
B. Capital expenditure *
C. Deferred expenditure
D. Current expenditure

1510. All revenue expenditure and receipts are taken to :

A. Trading account only
B. Profit and loss account
C. Trading profit and loss account *
D. Balance sheet