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Capital vs Revenue Expenditure and Receipts MCQs for Competitive Exams

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Capital vs Revenue Expenditure and Receipts MCQs for Competitive Exams

Practice with answers, explanations, and exam-focused revision notes.

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Topic Notes: Capital vs Revenue Expenditure and Receipts

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Quick Overview

Capital vs Revenue Expenditure and Receipts MCQs in Commerce are useful for candidates who need targeted practice for CSS, PMS, FPSC, PPSC, NTS, entry tests, and other competitive exams in Pakistan. This topic page is designed for quick revision, repeated practice, and exam-focused preparation.

Attempt the questions page by page, check the correct answers, read the explanations where available, and compare your weak areas with past papers and mock test performance. Consistent MCQ practice improves speed, confidence, and retention for objective exam sections.

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51
Which of the following business expenditures is classified as a capital expenditure?
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52
Which of the following statements regarding revenue expenditure is incorrect?
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53
How is interest paid on a business loan classified in accounting?
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54
How is the depreciation of fixed assets classified in accounting?
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55
How should the expenditure incurred for obtaining a license to operate a cinema be classified?
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56
In the context of asset maintenance and accounting, what can be classified as a replacement?
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57
How should expenditures that extend an asset's useful life or improve its output capacity beyond original estimates be classified?
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58
A motor vehicle with a purchase price of Rs. 20,000 and a current book value of Rs. 12,000 is sold for Rs. 25,000. What is the capital profit?
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59
Which of the following transactions for a news agent qualifies as a revenue receipt?
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60
To which account should the installation costs of newly acquired machinery be debited?
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