INTERVIEW QUESTIONS ACCOUNTING PROCESS CAPITAL AND REVENUE EXPENDITURE AND RECEIPTS DETAILS

Question: Amount spent on increasing the seating capacity in a cinema hall is:
a) Capital Expenditure
b) Revenue Expenditure
c) Deferred Revenue Expenditure
d) None

Answer: (a) Capital Expenditure
Description: Amount spent on increasing the seating capacity in a cinema hall is a capital expenditure as this expenditure proposes to increase the capacity which is a long- term benefit for the organization.

(a) Capital Expenditure
Description: Amount spent on increasing the seating capacity in a cinema hall is a capital expenditure as this expenditure proposes to increase the capacity which is a long- term benefit for the organization. Source: CoolInterview.com

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