HSC Commerce Class 11 - Tamil Nadu Board of Secondary Education Question Bank Solutions for Accountancy

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.

Rent paid for the factory ₹ 12,000.

Identify the following item into capital or revenue.

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