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MCQ - Capital & Rev Expenditure
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A trader has purchased new business premises. What are examples of capital expenditure?
1) cost of heating and lighting the new premises
2) cost of purchasing the new premises
3) legal costs of purchasing the new premises
4) office furniture purchased for use in the new premises
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1 point
1 and 2 only
1, 2 and 4
2, 3 and 4
3 and 4 only
A business had a new extension to its workshop premises. It incurred the following expenditure.
What was the total capital expenditure of the business?
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1 point
$67 900
$70 200
$71 000
$72 400
A farmer sold a piece of land at market value.
How should the proceeds of this sale be treated?
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1 point
as a capital receipt
as a revenue receipt
as capital expenditure
as revenue expenditure
A trader has purchased new business premises. What are examples of capital expenditure?
1) cost of heating and lighting the new premises
2) cost of purchasing the new premises
3) legal costs of purchasing the new premises
4) office furniture purchased for use in the new premises
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1 point
1 and 2 only
1, 2 and 4
2, 3 and 4
3 and 4 only
Ahmed bought a motor vehicle and paid the following amounts. $ motor vehicle 8000 number plates 100 insurance 400
What was Ahmed’s capital expenditure
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1 point
$400
$500
$8000
$8100
The following payments were made when a new machine was purchased.
How much was the capital expenditure?
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1 point
$32 000
$33 300
$35 100
$37 100
Which statements about capital expenditure are correct?
1) It is money spent on day-to-day business operations.
2) It is money spent on purchasing non-current assets.
3) It is recorded in the statement of financial position.
4) It includes expenses relating to non-current assets
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1 point
1 and 3
1 and 4
2 and 3
2 and 4
Which statements describe capital expenditure?
1) It is for an item which will last more than a year.
2) It is recorded in the income statement.
3) It is recorded in the statement of financial position.
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1 point
1 and 2
1 and 3
2 only
3 only
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