Samacheer Kalvi solutions for Accountancy [English] Class 11 TN Board chapter 11 - Capital and Revenue Transactions [Latest edition]

Amount spent on increasing the seating capacity in a cinema hall is ______.

Expenditure incurred ₹ 20,000 for trial run of a newly installed machinery will be ______.

Interest on bank deposits is ______.

Amount received from IDBI as a medium-term loan for augmenting working capital ________.

Revenue expenditure is intended to benefit ______.

Pre-operative expenses are ______.

What is revenue expenditure?

What is capital expenditure?

What is capital profit?

Write a short note on revenue receipt.

What is meant by deferred revenue expenditure?

Distinguish between capital expenditure and revenue expenditure.

Distinguish between capital receipt and revenue receipt.

What is meant by deferred revenue expenditure?

Give two examples of deferred revenue expenditure.

State whether the following expenditure is capital, revenue or deferred revenue.

Advertising expenditure, the benefits of which will last for three years.

State whether the following expenditure is capital, revenue or deferred revenue.

Registration fees paid at the time of registration of a building.

State whether the following expenditure is capital, revenue or deferred revenue.

Expenditure incurred on repairs and whitewashing at the time of purchase of an old building in order to make it usable.

Choose the following item into capital and revenue.

Registration expenses incurred for the purchase of land.

Choose the following item into capital and revenue.

Repairing charges paid for remodelling the old building purchased.

Choose the following item into capital and revenue.

Carriage paid on goods purchased.

Choose the following item into capital and revenue.

Legal expenses paid for raising of loans

State whether the following is capital and revenue.

Construction of building ₹ 10,00,000.

State whether the following is capital and revenue.

Repairs to furniture ₹ 50,000.

State whether the following is capital and revenue.

White-washing the building ₹ 80,000.

State whether the following is capital and revenue.

Pulling down the old building and rebuilding ₹ 4,00,000.

Choose the following item into capital and revenue.

₹ 50,000 spent on a railway siding.

Choose the following item into capital and revenue.

Loss on sale of old furniture.

Choose the following item into capital and revenue.

Carriage paid on goods sold.

State whether the following expenditure is capital, revenue or deferred revenue.

Legal fees paid to the lawyer for acquiring land ₹ 20,000.

State whether the following expenditure is capital, revenue or deferred revenue.

Heavy advertising cost of ₹ 12,00,000 spent on introducing a new product.

State whether the following expenditure is capital, revenue or deferred revenue.

Renewal of factory license ₹ 12,000.

State whether the following expenditure is capital, revenue or deferred revenue.

A sum of ₹ 4,000 was spent on painting the factory.

Choose the following receipt into capital and revenue.

Sale proceeds of goods ₹ 75,000.

Choose the following receipt into capital and revenue.

Loan borrowed from bank ₹ 2,50,000.

Choose the following receipt into capital and revenue.

Sale of investment ₹ 1,20,000.

Choose the following receipt into capital and revenue.

Commission received ₹ 30,000.

Choose the following receipt into capital and revenue.

₹ 1,400 wages paid in connection with the erection of new machinery.

Identify the following item into capital or revenue.

Audit fees paid ₹ 10,000.

Identify the following item into capital or revenue.

Labour welfare expenses ₹ 5,000.

Identify the following item into capital or revenue.

₹ 2,000 paid for servicing the company vehicle.

Identify the following item into capital or revenue.

Repair to furniture purchased second-hand ₹ 3,000.

Identify the following item into capital or revenue.

Rent paid for the factory ₹ 12,000.