Capital and Rev...

Expenditures incurred in normal course of business and whose benefit expires within the year is known as_____While______is that expenditure which results in acquisition of an assets or which results in an increase in earning capacity of business.

Profit can be classified as ______________.

Fee paid to a lawyer for checking whether all the papers are in order before land is purchased is______ But if later a suit is filed against the purchaser, the legal costs will be_______________.

The main purpose of the incurring capital expenditure is to______of the business. The main purpose of incurring revenue expenditures is to ______of the business.

Costs incurred to acquire an asset are__________but costs incurred to keep them in working condition or to defend their ownership are__________.

The expired cost of a deferred revenue expense is known as ___________.

Rs 10,000 spent on replacement of worn-out part of the machine will be charged as _______________.

Which of the following should not be called 'Sales'?

Match List I with List II and select the correct answer using the codes given below the lists.
List I                                                            List II
A. Heavy advertisement expenses          1. Capital expenditure
B. Travelling expenses of the salesman  2. Revenue expenditure
C. Profit on the sale of office building      3. Capital gain
D. Purchase of plant and machinery        4. Deferred revenue expenditure 

Which of the following portal revenue models involves charging for premium content?