Multiple Choice
________ is an expenditure which does not bring any benefit to the concern
A) Revenue expenditure
B) Capital expenditure
C) Deferred revenue expenditure
D) Loss
Correct Answer:

Verified
Correct Answer:
Verified
Q32: Prepaid expenses are _ account<br>A)Nominal<br>B)Personal<br>C)Personal account without
Q33: Expenditure incurred by a publisher for acquiring
Q34: The error disclosed by Trial Balance is<br>A)Wrong
Q35: Total sales made during a year is
Q36: Loss of cash by theft committed by
Q38: Collection of all accounts us called<br>A)Trial balance<br>B)Journal<br>C)Ledger<br>D)Cash
Q39: Total sales book indicates<br>A)Total credit sales<br>B)Total cash
Q40: Trading account is a _ account<br>A)Personal<br>B)Real<br>C)Nominal<br>D)Expenses
Q41: In income & Expenditure accounts, we record<br>A)Items
Q42: Normally value of closing stock _ in