Commerce: Accountancy MCQs
11. Question
A second hand car is purchased for Rs. 10000, the amount of Rs. 1000 is spent on its repairs. Rs. 500 is incurred to get the car registered in owner’s name and Rs. 1200 paid as dealer’s commission. The amount debited to car account will be
10000
10500
11500
12700
Answer
12. Question
Rs. 2,500 spent on the overhaul of machines purchased second hand
A capital expenditure
Revenue expenditure
Deferred revenue expenditure
None of these
Answer
13. Question
Advertising campaign to launch a new product
capital expenditure
Revenue expenditure
Deferred revenue expenditure
None of these
Answer