Multiple Choice
Which of the following should not be treated as revenue expenditure?
A) Interest on loans and debentures
B) Annual fire insurance premiums on Plant and Equipment
C) Sales tax paid in connection with the purchase of office equipment
D) Small expenditures on long- lived assets, such as ` 20 for a paper weight.
Correct Answer:
Verified
Correct Answer:
Verified
Q3: Journal proper is meant for recording<br>A)Credit purchase
Q4: Capital expenditure is an expenditure which<br>A)Benefits the
Q5: Which of the following statements are /
Q6: Which of the following statements is correct?<br>A)The
Q7: The balance of which of the following
Q9: The beginnings inventory of the current year
Q10: If goods worth ` 1,750 returned to
Q11: Which of the following is true?<br>A)Error of
Q12: For the past 3 years, DK Ltd.
Q13: Which of the following is not correct?<br>A)Errors