Brokerage on the issue of shares and debentures is a __________ expenditure a) Revenue b) Capital c) - (c) Deferred Revenue Description: Brokerage on the issue of shares and debentures is a Deferred Revenue Expenditure. This expenditure is incurred in one period but its benefit extends to a period of 3 to 5 years. Hence this amount is deferred and written off. - Capital and Revenue Expenditure and Receipts Interview Questions and Answers

CoolInterview.com - World's Largest Collection of Interview Questions & Answers, FAQs, queries, sample papers, exam papers, dumps, what, why, how, where, when questions

OneStopTesting.com - Testing EBooks, Tutorials, Articles, Jobs, Training Institutes etc.
OneStopGate.com - Gate EBooks, Tutorials, Articles, FAQs, Jobs, Training Institutes etc.
OneStopMBA.com - MBA EBooks, Tutorials, Articles, FAQs, Jobs, Training Institutes etc.
OneStopIAS.com - IAS EBooks, Tutorials, Articles, FAQs, Jobs, Training Institutes etc.
OneStopSAP.com - SAP EBooks, Tutorials, Articles, FAQs, Jobs, Training Institutes etc.
OneStopGRE.com - of GRE EBooks, Tutorials, Articles, FAQs, Jobs, Training Institutes etc.

Sponsored Links

Interview Questions

INTERVIEW QUESTIONS

ACCOUNTING PROCESS

CAPITAL AND REVENUE EXPENDITURE AND RECEIPTS

DETAILS

Question: Brokerage on the issue of shares and debentures is a __________ expenditure a) Revenue b) Capital c) Deferred Revenue d) Partly capital partly rvenue

Answer: (c) Deferred Revenue
Description: Brokerage on the issue of shares and debentures is a Deferred Revenue Expenditure. This expenditure is incurred in one period but its benefit extends to a period of 3 to 5 years. Hence this amount is deferred and written off.

Category	Capital and Revenue Expenditure and Receipts Interview Questions & Answers - Exam Mode / Learning Mode
Rating	(0.2) By 8543 users
Added on	8/8/2016
Views	69591
Rate it!

Question: Brokerage on the issue of shares and debentures is a __________ expenditure a) Revenue b) Capital c) Deferred Revenue d) Partly capital partly rvenue

Answer:

(c) Deferred Revenue
Description: Brokerage on the issue of shares and debentures is a Deferred Revenue Expenditure. This expenditure is incurred in one period but its benefit extends to a period of 3 to 5 years. Hence this amount is deferred and written off. Source: CoolInterview.com

If you have the better answer, then send it to us. We will display your answer after the approval.

Rules to Post Answers in CoolInterview.com:-

There should not be any Spelling Mistakes.

There should not be any Gramatical Errors.

Answers must not contain any bad words.

Answers should not be the repeat of same answer, already approved.

Answer should be complete in itself.

	Related Questions	View Answer
	Preliminary expenses are an example of: a) Revenue Expenditure b) Capital Expenditure c) Deferred Revenue Expenditure d) All of these	View Answer
	Capital Receipts are represented in: a) Balance Sheet b) Trading account c) Profit & Loss A/c d) Manufacturing A/c	View Answer
	Amount spent on unsuccessful patent right is a: a) Revenue Expenditure( even though the amount is large) b) Deferred Revenue Expenditure( If the amount is large) c) Capital Expenditure d) None of these	View Answer
	Recovery of a bad debt is a:- a) Revenue Receipt b) Capital Receipt c) Capital Expenditure d) Revenue Expenditure	View Answer
	An amount of Rs. 30,000 spent on travelling expenses of the company's director's to a foreign trip for purchase of an asset to be used in the production process. This is a: a) Capital Expenditure b) Revenue Expenditure c) Deferred Revenue Expenditure d) None of the above	View Answer
	Capital expenditure provides _________ benefit: a) Short period b) Long Period c) Very short period d) None	View Answer
	Amount spent on increasing the seating capacity in a cinema hall is: a) Capital Expenditure b) Revenue Expenditure c) Deferred Revenue Expenditure d) None	View Answer
	Assertion: Damages paid on account of breach of contract to supply chain certain goods is a capital expenditure. Reasoning: Such damages are incurred in the ordinary course of business: a) Both the statements are correct and second is correct is a correct explanation of the first b) Both the statements are correct but second is not a correct explanation of the first c) First statement is correct but second is not d) First statement is not correct but second is correct	View Answer
	Share Premium is a: a) Capital Receipt b) Revenue Receipt c) Deferred Revenue Receipt d) None of these	View Answer
	Loss caused by theft of cash by cashier after business hours is a: a) Revenue loss b) Deferred revenue loss c) Capital loss d) None of the above	View Answer
	Which of the following is a revenue expenditure? a) Freight paid on purchase of plant and machinery b) Legal expenses paid to acquire a property c) Annual white wash of the factory building d) Expenses incurred to reduce working capital requirement	View Answer
	Rs. 2,500 spent on the overhauling on purchase of second hand machinery:- a) Capital expenditure b) Revenue expenditure c) Deferred revenue expenditure d) None of the above	View Answer

Please Note: We keep on updating better answers to this site. In case you are looking for Jobs, Pls Click Here Vyoms.com - Best Freshers & Experienced Jobs Website.

View All Capital and Revenue Expenditure and Receipts Interview Questions & Answers - Exam Mode / Learning Mode