Expenses of the following nature are treated as a Revenue expenses except —

Related MCQs

• From the following details calculate the net profit for the year ending 31.03.2013 Opening Stock ` 1,50,000; Purchase ` 2,50,000; Manufacturing Expenses ` 80,000; Selling Expenses ` 20,000; Administration Expenses ` 10,000; Financial Charges ` 5,000; Slaes ` 5,55,000 which includes damaged goods sold for ` 5,000 against the cost price of ` 12,000. Gross profit margin on normal sales is 20% on the sales
• Which of the following should not be treated as revenue expenditure?
• The fees are collected only once at the time of admission of a member, hence Entrance Fees should be treated as 'Revenue Receipt'.
• In accounting revenue is generally treated to be realized when goods or services are:
• Which of the following is a revenue expenses
• Buy Back must expenses may be treated as_________________
• ——— Principle specifies that cost or expenses should be recorded at the same time as the revenue to which they correspond
• The Income and Expenditure Account includes all revenue expenses and income irrespective of its cash flow Sol:
• All items of revenue in nature are shown in: Sol:
• Under which of the following concepts are shareholders treated as creditors for the amount they paid on the shares they subscribed to?