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Hamad Auditing Mcqs Capital And Revenue Expenditure 07/12/2021
A. Cost of raising a loan
B. Cost of accessories of motor vehicles spent at the time of purchase
C. Expenses incurred for laying of sewers on land purchased
D. Insurance premium paid at the time of registration of the ship
- Depreciation does not arise form _______
- A. effluxion of time B. use C. obsolescence through technology be market changes D. remarket expectation...
- Which of the following will not lead to creation of secret reserve?
- A. Undervaluation of closing stock B. Charging capital expenditure to revenue C. Goods sent on consignment being shown as actual sales D. Charging higher rates of depreciation on fixed assets than actually required...
- Which of the following is a revenue reserve?
- A. Capital redemption reserve B. Security premium account C. Debenture redemption reserve D. Capital reserve...
- If the book value of an asset stands at________per cent of the original cost, a company need not provide depreciation on it.
- A. two B. fifteen C. five D. ten...
- The board of directors shall appoint first auditor of a company
- A. With in one month of completion of capital subscription state of the company B. With in one month of the promotion of the company C. With in one month of the commencement of the business of the company D. With in one month of incorporation of the company...
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