Revenue expenditure is ____________ in nature. (a) capital (b) outstanding (c) recurring (d) contingent

Revenue expenditure is ____________ in nature. (a) capital (b) outstanding (c) recurring (d) contingent
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Revenue expenditure is ____________ in nature. (a) capital (b) outstanding (c) recurring (d) contingent
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The divisional supdt may sanction up tot Rs ___ in each case, non-recurring contingent expenditure, powers for which are not provided for specifically a) 5000/- b) 1500/- c) 4000/- d) 2500/

Description : The divisional supdt may sanction up tot Rs ___ in each case, non-recurring contingent expenditure, powers for which are not provided for specifically a) 5000/- b) 1500/- c) 4000/- d) 2500/

Last Answer : a) 5000/

The concept which tries to ascertain the actual deficit in the revenue account after adjusting for expenditure of capital nature is termed as?

Description : The concept which tries to ascertain the actual deficit in the revenue account after adjusting for expenditure of capital nature is termed as?

Last Answer : Effective revenue deficit

What is the renewal fees paid for a patent right ? (A) Capital expenditure (B) Revenue expenditure (C) Deferred revenue expenditure (D) Development expenditure

Description : What is the renewal fees paid for a patent right ? (A) Capital expenditure (B) Revenue expenditure (C) Deferred revenue expenditure (D) Development expenditure

Last Answer : Answer: Revenue expenditure

A large amount spent on special advertisement is– (A) Capital Expenditure (B) Revenue Expenditure (C) Revenue Loss (D) Deferred Revenue Expenditure

Description : A large amount spent on special advertisement is– (A) Capital Expenditure (B) Revenue Expenditure (C) Revenue Loss (D) Deferred Revenue Expenditure

Last Answer : Answer: Deferred Revenue Expenditure

The difference between the GNP and the NNP is equal to the - (1) consumer expenditure on durable goods (2) direct tax revenue (3) indirect tax revenue (4) capital depreciation

Description : The difference between the GNP and the NNP is equal to the - (1) consumer expenditure on durable goods (2) direct tax revenue (3) indirect tax revenue (4) capital depreciation

Last Answer : (4) capital depreciation Explanation: Depreciation refers to two very different but related concepts: the decrease in value of assets (fair value depreciation), and the allocation of the cost of ... equal to capital depreciation. It is the wearing out, breaking down, or technological obsolescence.

The sale proceeds of Government Bonds come under the budget head of - (1) Revenue Receipts (2) Current Expenditure (3) Capital Outlay (4) Capital Receipts

Description : The sale proceeds of Government Bonds come under the budget head of - (1) Revenue Receipts (2) Current Expenditure (3) Capital Outlay (4) Capital Receipts

Last Answer : (4) Capital Receipts Explanation: Capital receipts are the funds received into the businesses that are not part of the operating activities of the establishment. Capital receipts primarily include external ... furniture, investment (long term) etc., which shall not be occurring all the time.

When there is a difference between all receipts and expenditure of the Govt. of India, both capital and revenue it is called _______ A. Income Deficit B. Fiscal Deficit C. Budgetary Deficit D. None of the Above

Description : When there is a difference between all receipts and expenditure of the Govt. of India, both capital and revenue it is called _______ A. Income Deficit B. Fiscal Deficit C. Budgetary Deficit D. None of the Above

Last Answer : C. Budgetary Deficit Explanation: A budget deficit occurs whenever a government spends more than it makes, which is nearly every year.Budgetary deficit is the difference between all receipts and expenses in both revenue and capital account of the government.

When there is a difference between all receipts and expenditure of the Government of India both capital and revenue it is called __________ A. Revenue Deficit B. Budgetary Deficit C. Zero Budgeting D. Trade Gap E. Balance of Payment Problem

Description : When there is a difference between all receipts and expenditure of the Government of India both capital and revenue it is called __________ A. Revenue Deficit B. Budgetary Deficit C. Zero Budgeting D. Trade Gap E. Balance of Payment Problem

Last Answer : B. Budgetary Deficit Explanation: Budgetary deficit is the difference between all receipts and expenses in both revenue and capital account of the government.If revenue expenses of the government ... leads to capital account deficit. Budgetary deficit is usually expressed as a percentage of GDP.

substantial increase in capital expenditure or revenue deficit leads to —

Description : substantial increase in capital expenditure or revenue deficit leads to —

Last Answer : Fiscal deficit

Total expenditure of the government (revenue and capital) minus revenue receipts minus loans and other capital receipts is called?

Description : Total expenditure of the government (revenue and capital) minus revenue receipts minus loans and other capital receipts is called?

Last Answer : Fiscal Deficit

Amount spent to increasing the earning capacity is a ______ expenditure a) Capital b) Revenue c) Deferred revenue d) Capital Loss

Description : Amount spent to increasing the earning capacity is a ______ expenditure a) Capital b) Revenue c) Deferred revenue d) Capital Loss

Last Answer : a) Capital

Deewali advance given to an employee is a) Revenue Expenditure b) Capital Expenditure c) Deferred Revenue Expenditure d) Not an Expenditure

Description : Deewali advance given to an employee is a) Revenue Expenditure b) Capital Expenditure c) Deferred Revenue Expenditure d) Not an Expenditure

Last Answer : d) Not an Expenditure

Amount spent on an advertisement campaign, the benefit of which is likely to last for three years is a A. Capital expenditure B. Revenue expenditure C. Deferred revenue expenditure D. None of the above

Description : Amount spent on an advertisement campaign, the benefit of which is likely to last for three years is a A. Capital expenditure B. Revenue expenditure C. Deferred revenue expenditure D. None of the above

Last Answer : C. Deferred revenue expenditure

In the Union Budget, profits from public sector undertakings are taken under (a) Revenue receipts ; (b) Capital receipts (c) Monetized receipts ; (d) Planned expenditure

Description : In the Union Budget, profits from public sector undertakings are taken under (a) Revenue receipts ; (b) Capital receipts (c) Monetized receipts ; (d) Planned expenditure

Last Answer : (a) Revenue receipts

The sale proceeds of Government Bonds come under the budget head of (1) Revenue Receipts (2) Current Expenditure (3) Capital Outlay (4) Capital Receipts

Description : The sale proceeds of Government Bonds come under the budget head of (1) Revenue Receipts (2) Current Expenditure (3) Capital Outlay (4) Capital Receipts

Last Answer : Capital Receipts

The difference between the GNP and the NNP is equal to the (1) consumer expenditure on durable goods (2) direct tax revenue (3) indirect tax revenue (4) capital depreciation

Description : The difference between the GNP and the NNP is equal to the (1) consumer expenditure on durable goods (2) direct tax revenue (3) indirect tax revenue (4) capital depreciation

Last Answer : capital depreciation

Consider the following statements about Internet facility: 1) It serves as the largest one-line information system. 2) It provides the most dependable and latest mode for sending E-mail. 3) Recurring expenditure on communication E-mail is very high. 4) It is often misused and has triggered cyber-crimes.

Description : Consider the following statements about Internet facility: 1) It serves as the largest one-line information system. 2) It provides the most dependable and latest mode for sending E-mail. 3) Recurring ... communication E-mail is very high. 4) It is often misused and has triggered cyber-crimes.

Last Answer : 1) It serves as the largest one-line information system

A ____________ liability is an uncertain liability. (a) Long term (b) Contingent (c) Current (d) Fixed

Description : A ____________ liability is an uncertain liability. (a) Long term (b) Contingent (c) Current (d) Fixed

Last Answer : A ____________ liability is an uncertain liability. (a) Long term (b) Contingent (c) Current (d) Fixed

The contingent liability denominated in foreign currency at the balance sheet date is disclosed by using the ____________ rate.

Description : The contingent liability denominated in foreign currency at the balance sheet date is disclosed by using the ____________ rate.

Last Answer : Closing

(i) Heavy expenditure on advertising is deferred revenue expenditure.

Description : (i) Heavy expenditure on advertising is deferred revenue expenditure.

Last Answer : Do you agree or disagree with the following statement : (i) Heavy expenditure on advertising is deferred ... has two effects i.e. debit and credit.

Fiscal policy is concerned with which of the following? A. Public revenue and Expenditure B. Issue of Currency C. Export Import D. Population Control E. Education for all

Description : Fiscal policy is concerned with which of the following? A. Public revenue and Expenditure B. Issue of Currency C. Export Import D. Population Control E. Education for all

Last Answer : A. Public revenue and Expenditure Explanation: Fiscal policy is the policy relating to government revenues from taxes and expenditure on various projects. Monetary Policy, on the other hand, is mainly concerned with the flow of money in the economy.

Laffer curve is related to (a) Tax rate and tax revenue. (b) Aggregate tax and aggregate non-tax revenue. (c) Total tax burden and total payment burden. (d) Total income and total expenditure.

Description : Laffer curve is related to (a) Tax rate and tax revenue. (b) Aggregate tax and aggregate non-tax revenue. (c) Total tax burden and total payment burden. (d) Total income and total expenditure.

Last Answer : (c) Total tax burden and total payment burden.

A _________ occurs when a government's total expenditure exceed the revenue that it generates, excluding money from borrowings.

Description : A _________ occurs when a government's total expenditure exceed the revenue that it generates, excluding money from borrowings.

Last Answer : Fiscal deficit

A situation where the expenditure of the government exceeds its revenue is called

Description : A situation where the expenditure of the government exceeds its revenue is called

Last Answer : Budget deficit

As per accrual concept, which of the followings is not true a) revenue –expenditure = profit b) revenue –profit = expenditure c) sales + gross profit = revenue d) revenue = profit + expenditure

Description : As per accrual concept, which of the followings is not true a) revenue –expenditure = profit b) revenue –profit = expenditure c) sales + gross profit = revenue d) revenue = profit + expenditure

Last Answer : c) sales + gross profit = revenue

Which of the following cannot be treated as revenue expenditure? A. Cost of goods purchased for resale. B. Wages paid for the erection of plant and machinery. C. Obsolescence cost. D. Expenses incurred by way of repairs of existing assets which do not in any way add to their earning capacity.

Description : Which of the following cannot be treated as revenue expenditure? A. Cost of goods purchased for resale. B. Wages paid for the erection of plant and machinery. C. Obsolescence cost. D. Expenses incurred by way of repairs of existing assets which do not in any way add to their earning capacity.

Last Answer : B. Wages paid for the erection of plant and machinery.

Which of the following is not deferred revenue expenditure? A. Heavy advertisement expenditure. B. Expenses incurred in removing the business to more convenient premises. C. Preliminary expenses. D. Depreciation on fixed assets.

Description : Which of the following is not deferred revenue expenditure? A. Heavy advertisement expenditure. B. Expenses incurred in removing the business to more convenient premises. C. Preliminary expenses. D. Depreciation on fixed assets.

Last Answer : D. Depreciation on fixed assets.

While Computing the actual cost of any asset falling within a block, direct cost attributable to bring the asset to its present location and working condition for its intended use(i.e. expenses incurred for acquiring the asset e.g. freight, insurance, etc.) a) Be added to the purchase price b) Be subtracted from the purchase price c) Be subtracted from WDV d) Be claimed as revenue expenditure

Description : While Computing the actual cost of any asset falling within a block, direct cost attributable to bring the asset to its present location and working condition for its intended use(i.e. expenses incurred ... from the purchase price c) Be subtracted from WDV d) Be claimed as revenue expenditure

Last Answer : b) Be subtracted from the purchase price

While computing the actual cost of any asset falling within a block, portion of cost of asset which has been met directly by the central government or a state government or any authority under any law or any other person, in the form of a subsidy or grant : a) Added to purchase price b) Subtracted from purchase price c) Added to WDV d) Claimed as Revenue Expenditure

Description : While computing the actual cost of any asset falling within a block, portion of cost of asset which has been met directly by the central government or a state government or any authority under any law ... price b) Subtracted from purchase price c) Added to WDV d) Claimed as Revenue Expenditure

Last Answer : b) Subtracted from purchase price

Deficit financing implies : A. printing new currency notes B. public revenue in excess of public expenditure C. public expenditure in excess of public revenue D. replacing new currency with worn out currency

Description : Deficit financing implies : A. printing new currency notes B. public revenue in excess of public expenditure C. public expenditure in excess of public revenue D. replacing new currency with worn out currency

Last Answer : C. public expenditure in excess of public revenue

Ceteris paribus, an income tax (a) Increases the value of the expenditure multiplier and decreases the value of the net tax revenue multiplier; (b) Decreases the value of the expenditure and net tax revenue multiplier; (c) Decreases the value of the expenditure multiplier and increases the value of the net tax revenue multiplier ; (d) None of the above.

Description : Ceteris paribus, an income tax (a) Increases the value of the expenditure multiplier and decreases the value of the net tax revenue multiplier; (b) Decreases the value of the expenditure and net tax ... multiplier and increases the value of the net tax revenue multiplier ; (d) None of the above.

Last Answer :  (b) Decreases the value of the expenditure and net tax revenue multiplier;

Which one of the following statements is correct concerning the weighted average cost of capital (WACC)? a) The WACC may decrease as a firm's debt-equity ratio increases. b) In the computation of WACC, weight assigned to the preferred stock is based on the coupon rate multiplied by the par value of the stock. c) A firm's WACC will decrease as the corporate tax rate decreases. d) The weight of the common stock used in the computation of the WACC is based on the number of shares outstanding multiplied by the book value per share.

Description : Which one of the following statements is correct concerning the weighted average cost of capital (WACC)? a) The WACC may decrease as a firm's debt-equity ratio increases. b) In the computation of ... of the WACC is based on the number of shares outstanding multiplied by the book value per share.

Last Answer : a) The WACC may decrease as a firm's debt-equity ratio increases.

According to ____________ concept revenue is recognised when it is earned. 

Description : According to ____________ concept revenue is recognised when it is earned. 

Last Answer : According to ____________ concept revenue is recognised when it is earned. (a) Realisation (b) Accounting period (c) Accrual (d) Matching cost

Which one of the following can truthfully be said of non-school, active agencies of social interaction? Options: A) The less education people have, the more they use established recreational agencies B) The largest items of the expenditure for leisure time activities are for those of a passive nature C) Adult sponsorship of youth serving organizations has proved undesirable D) The community council should conduct activities, not just to co-ordinate them

Description : Which one of the following can truthfully be said of non-school, active agencies of social interaction? Options: A) The less education people have, the more they use established recreational ... has proved undesirable D) The community council should conduct activities, not just to co-ordinate them

Last Answer : B) The largest items of the expenditure for leisure time activities are for those of a passive nature

A machinery is purchased for Rs. 3,00,000 and Rs. 50,000 is spent on its installation. Rs. 5,000 is spent on fuel. What will be the amount of capital expenditure ? (A) Rs. 3,00,000 (B) Rs. 3,50,000 (C) Rs. 3,55,000 (D) None of these

Description : A machinery is purchased for Rs. 3,00,000 and Rs. 50,000 is spent on its installation. Rs. 5,000 is spent on fuel. What will be the amount of capital expenditure ? (A) Rs. 3,00,000 (B) Rs. 3,50,000 (C) Rs. 3,55,000 (D) None of these

Last Answer : Answer: Rs. 3,50,000

An indifference curve measures the same level of - (1) Output from two factors (2) Satisfaction from two commodities (3) Satisfaction from Income and Capital (4) Satisfaction from expenditure and savings

Description : An indifference curve measures the same level of - (1) Output from two factors (2) Satisfaction from two commodities (3) Satisfaction from Income and Capital (4) Satisfaction from expenditure and savings

Last Answer : (2) Satisfaction from two commodities Explanation: An indifference curve is a locus of combinations of goods which derive the same level of satisfaction. so that the consumer is indifferent ... of various points showing different combinations of two goods providing equal utility to the consumer

Effective demand depends on - (1) capital-output ratio (2) output-capital ratio (3) total expenditure (4) supply price

Description : Effective demand depends on - (1) capital-output ratio (2) output-capital ratio (3) total expenditure (4) supply price

Last Answer : (4) supply price Explanation: Effective Demand is "the demand in which the consumer are able and willing to purchase at conceivable price" simply saying if the product price is low more ... Function or Price and Aggregate Supply Function or Price to explain the determination of effective demand.

Which of the following doesn't appear on the liabilities side of the balance sheet ? 1. Capital 2. Loans 3. Advertisement expenditure 4. Share capital 5. None of these

Description : Which of the following doesn't appear on the liabilities side of the balance sheet ? 1. Capital 2. Loans 3. Advertisement expenditure 4. Share capital 5. None of these

Last Answer : Advertisement expenditure

The process of budgeting helps in the control of A. Cost of production B. Liquidity C. Capital Expenditure D. All of the above

Description : The process of budgeting helps in the control of A. Cost of production B. Liquidity C. Capital Expenditure D. All of the above

Last Answer : D. All of the above

______ provides an estimate of the capital amount that may be required for buying fixed assets needed for meeting production requirements. A. Production budget B. Cash budget C. Capital expenditure budget D. None of the above

Description : ______ provides an estimate of the capital amount that may be required for buying fixed assets needed for meeting production requirements. A. Production budget B. Cash budget C. Capital expenditure budget D. None of the above

Last Answer : B. Cash budget

R&D budget and Capital expenditure budget are examples of A. Short-term budget B. Current budget C. Long-term budget D. None of the above

Description : R&D budget and Capital expenditure budget are examples of A. Short-term budget B. Current budget C. Long-term budget D. None of the above

Last Answer : C. Long-term budget

An indifference curve measures the same level of (1) Output from two factors (2) Satisfaction from two commodities (3) Satisfaction from Income and Capital (4) Satisfaction from expenditure and savings

Description : An indifference curve measures the same level of (1) Output from two factors (2) Satisfaction from two commodities (3) Satisfaction from Income and Capital (4) Satisfaction from expenditure and savings

Last Answer : Satisfaction from two commodities

Effective demand depends on (1) capital-output ratio (2) output-capital ratio (3) total expenditure (4) supply price

Description : Effective demand depends on (1) capital-output ratio (2) output-capital ratio (3) total expenditure (4) supply price

Last Answer : supply price

Expenditure on advertisement and public relations by an enterprise is a part of its (1) consumption of fixed capital (2) final consumption expenditure (3) intermediate consumption (4) fixed capital

Description : Expenditure on advertisement and public relations by an enterprise is a part of its (1) consumption of fixed capital (2) final consumption expenditure (3) intermediate consumption (4) fixed capital

Last Answer :  intermediate consumption

Is the veracity of a statement contingent on the veracity of the converse of said statement?

Description : Is the veracity of a statement contingent on the veracity of the converse of said statement?

Last Answer : Your mom goes to college.

3. An army contingent of 616 members is to march behind an army band of 32 members in a parade. The two groups are to march in the same number of columns. What is the maximum number of columns in which they can march? -Maths 10th

Description : 3. An army contingent of 616 members is to march behind an army band of 32 members in a parade. The two groups are to march in the same number of columns. What is the maximum number of columns in which they can march? -Maths 10th

Last Answer : Given, Number of army contingent members=616 Number of army band members = 32 If the two groups have to march in the same column, we have to find out the highest common factor between the two groups. HCF(616, ... HCF (616, 32) = 8. Hence, the maximum number of columns in which they can march is 8.

Contingent liabilities can also be called doubtful liabilities.

Description : Contingent liabilities can also be called doubtful liabilities.

Last Answer : State whether the following statement are true or false with reason : Contingent liabilities can also be called doubtful liabilities.

If my insurance company denies a claim in bad faith, will I actually receive a decent amount once the attorney gets his contingent fee?

Description : If my insurance company denies a claim in bad faith, will I actually receive a decent amount once the attorney gets his contingent fee?

Last Answer : yes you will get the decent amount after the attorney took his contingent ffes. you will get the good amount