Capital and Revenue Expenditures MCQs 2

Written by True Tamplin, BSc, CEPF®

Reviewed by Subject Matter Experts

Updated on March 26, 2023

This multiple choice question (MCQ) test covers capital and revenue expenditures. Test your knowledge and try to answer every question correctly.

The quiz contains 15 MCQs, each with 4 possible answers.

This capital and revenue expenditures MCQs test will help you to prepare for your objective type exams and interviews, and it will also enable you to clarify the key concepts.

If you have problems with the questions, you can review the information on our capital and revenue expenditures page.

1. Transactions that have long-term effects in business are called:
2. Long-term transactions are also called:
3. Which of the following is a capital transaction?
4. Expenditures incurred to acquire fixed assets are called:
5. Expenditures which provide benefits in the future are called:
6. An expenditure is a capital expenditure because:
7. An expenditure which is non-recurring and irregular is called:
8. Purchases of machinery are classified as:
9. Freight paid on machinery purchased is:
10. Carriage paid on the purchase of furniture is a:
11. Expenses incurred to purchase land property represent:
12. Legal expenses incurred to purchase land are:
13. Expenditures incurred to improve the assets are:
14. Expenses incurred to bring fixed assets to the working site are:
15. Carriage, freight, octroi duty, customs duty, clearing charges, dock dues, and excise duty paid on machinery are examples of:

You may also check:

Capital and Revenue Expenditures MCQs 2 FAQs

About the Author

True Tamplin, BSc, CEPF®

True Tamplin is a published author, public speaker, CEO of UpDigital, and founder of Finance Strategists.

True is a Certified Educator in Personal Finance (CEPF®), author of The Handy Financial Ratios Guide, a member of the Society for Advancing Business Editing and Writing, contributes to his financial education site, Finance Strategists, and has spoken to various financial communities such as the CFA Institute, as well as university students like his Alma mater, Biola University, where he received a bachelor of science in business and data analytics.

To learn more about True, visit his personal website or view his author profiles on Amazon, Nasdaq and Forbes.