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

Option 1: Revenue expenditure
 

Option 2: Capital receipts 
 

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 : Which of the following is recurring in nature?
 

Option 1: Revenue receipts 
 

Option 2: Capital expenditure
 

Option 3: Capital receipt
 

Option 4: Both B and C.
 

Question : Which of the following statements are true?

Statement 1- Revenue receipt are regular and recurring in nature.

Statement 2- Capital receipts are regular and non-recurring in nature.

Option 1: Both are true .
 

Option 2: Both are false 
 

Option 3: Statement 1 is true and statement 2 is false.
 

Option 4: Statement 2 is true and statement 1 is false.
 

Question : Income and expenditure account records income and expenditure of :

Option 1: Capital nature only 

Option 2: Revenue nature only

Option 3: both Revenure and capital nature 

Option 4: None of  the above