Skip to main content
Super TutorResources
Chapter 18 of 28
QuestionsNotesFlashcardsSummaryFormulasQuizConceptsSyllabusPlan
Practice Quiz

Capital and Revenue Expenditure/ Income

ICSE · Class 11 · Accountancy

Practice quiz for Capital and Revenue Expenditure/ Income — ICSE Class 11 Accountancy. MCQs and questions with answers to test your preparation.

65 questions32 flashcards5 concepts

Interactive on Super Tutor

Studying Capital and Revenue Expenditure/ Income? Get the full interactive chapter.

Quizzes, flashcards, AI doubt-solver and a step-by-step study plan — built for practice quiz and more.

Try Super Tutor — Free

1,000+ Class 11 students started this chapter today

Quick Quiz: Capital and Revenue Expenditure/ Income

0/4

Tap an answer to check it instantly. No sign-up needed for these 4.

1

A building costing ₹10,00,000 is sold for ₹12,00,000. What is the capital income?

2

A building purchased for ₹50,000 is sold for ₹45,000. What is the capital loss?

3

A trader spends ₹1,00,000 on advertisement to introduce a new product and spreads the benefit over 5 years. What is the annual charge?

4

If heavy advertisement expenditure of ₹1,00,000 is written off equally over 5 years, what amount is charged each year?

65 Questions·
multiple choicetrue falsemultiple correct

Sample Questions

1multiple choice
3 marks

A business buys a farm for ₹1,50,000 and also pays annual land revenue of ₹2,000. What is the correct classification for both items?

Show answer

Farm purchase: Capital expenditure; land revenue: Revenue expenditure

Purchase of a farm is acquisition of a fixed asset, so it is capital expenditure. Annual land revenue is a regular business payment, so it is revenue expenditure.

2multiple choice
3 marks

A machine is bought second-hand and ₹5,000 is spent on immediate repairs before use. What is the classification of this repair cost?

Show answer

Capital expenditure

Immediate repairs on a newly purchased second-hand asset to make it fit for use are treated as capital expenditure because they are part of preparing the asset for use.

3multiple choice
3 marks

A building sold for ₹12,00,000 had originally cost ₹10,00,000. What is the capital income and how is it found?

Show answer

₹2,00,000, found by sale price minus cost

Capital income is the profit on sale of a fixed asset. It is calculated as sale price minus cost: ₹12,00,000 − ₹10,00,000 = ₹2,00,000.

4multiple choice
3 marks

A building purchased for ₹50,000 is sold for ₹45,000. What is the capital loss and how is it computed?

Show answer

₹5,000, found by cost minus sale price

Capital loss is the shortfall when a fixed asset is sold below cost. The loss is ₹50,000 − ₹45,000 = ₹5,000.

+61 more questions available

Practice All

Frequently Asked Questions

What are the important topics in Capital and Revenue Expenditure/ Income for ICSE Class 11 Accountancy?
Capital and Revenue Expenditure/ Income covers several key topics that are frequently asked in ICSE Class 11 board exams. Focus on the core concepts listed on this page and practise related questions to build confidence.
How to score full marks in Capital and Revenue Expenditure/ Income — ICSE Class 11 Accountancy?
Understand the core concepts first, then work through the 65 practice questions available for this chapter. Revise formulas and definitions regularly, and use flashcards for quick recall before the exam.

Sources & Official References

Content is aligned to the official syllabus. Refer to the board website for the latest curriculum.

More resources for Capital and Revenue Expenditure/ Income

All 28 chapters — ICSE Class 11 Accountancy Practice Quiz

For serious students

Get the full Capital and Revenue Expenditure/ Income chapter — for free.

Quizzes, flashcards, AI doubt-solver and a step-by-step study plan for ICSE Class 11 Accountancy.

Try Super Tutor Free
Try the full chapter — Free