Question : Income and Expenditure account records:

Option 1: Revenue receipts and payments

Option 2: Capital receipts and payments

Option 3: Only revenue receipts

Option 4: Only capital payments

Question : The nature of a discount on the issuance of debentures is-

Option 1: Revenue Loss

Option 2: Deferred Revenue Expenditure

Option 3: Capital Loss

Option 4:  None of the above

Question : Which of the following is non-recurring in nature?
 

Option 1: Revenue expenditure
 

Option 2: Capital expenditure
 

Option 3: Revenue receipt
 

Option 4: Both A and C.
 

Question : Which of the following is recurring in nature?
 

Option 1: Revenue expenditure
 

Option 2: Capital expenditure
 

Option 3: Capital receipt
 

Option 4: Both B and C.
 

Question : Fill in the blanks-
____________________= Revenue expenditure - Revenue receipts.
 

Option 1: Capital deficit
 

Option 2: Budgetary deficit
 

Option 3: Revenue deficit
 

Option 4: None of the above.