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Capital vs Revenue (Expenditure and Receipts) MCQs

Prepare for Capital vs Revenue (Expenditure and Receipts) MCQs with verified questions, past-paper solutions, and conceptual explanations for CSS, PMS, FPSC, PPSC, and NTS examinations.

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Topic Notes: Capital vs Revenue Expenditure and Receipts

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Master Capital vs Revenue Expenditure and Receipts MCQs for Competitive Exams with our comprehensive, verified question bank. Designed for students and competitive exam aspirants across Pakistan, this study resource provides topic-wise practice questions for CSS, PMS, FPSC, PPSC, SPSC, KPPSC, BPSC, NTS, and university entry tests.

Exam Focus
Aligned with FPSC, PPSC, and CSS syllabus criteria for Capital vs Revenue Expenditure and Receipts.
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Preparation Guide & Key Focus Areas for Capital vs Revenue Expenditure and Receipts MCQs

When preparing for Capital vs Revenue Expenditure and Receipts MCQs (Commerce), focus on core definitions, historical timelines, relevant provisions, and commonly tested factual points. Review each question below, test your knowledge against the given options, and inspect the detailed explanation to solidify your understanding.

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11
Which type of expenditure is defined as an amount spent to increase the long-term earning capacity of a business?
12
To which account should wages paid for the installation and erection of new machinery be debited?
13
Match the following expenditure types with their correct classifications: (a) Preliminary expenses, (b) Travelling expenses of salesman, (c) Profit on sale of building, (d) Nazrana paid on land purchase.
14
How should the costs of demolishing an old structure and moving old stock be classified when a factory is relocated?
15
Which type of expenditure results in an increase in the long-term earning capacity of a business entity?
16
A loan of Rs. 5,00,000 was obtained from IFCI. Rs. 2,00,000 was used for capital work-in-progress and Rs. 3,00,000 for working capital. How should the interest be classified?
17
Classify the following items of expenditure and receipt based on their nature: (a) Compensation to retrenched workers, (b) Legal expenses for land purchase, (c) Government compensation for business relocation, (d) Sale proceeds of goods.
18
How is the cost of routine shop maintenance classified in accounting?
19
When Rs. 8,000 is spent on repairs for the purchase of old furniture, to which account should this expenditure be debited?
20
How should the acquisition of machinery be classified in accounting terms?