Which of the followingstatements istrue?
A. Capital expenditure does not affectthe profitability of a concern, but revenue expenditure does affect the profitability of a concern
B. Capital expenditure affects the profitability of a concern directly,but revenueexpenditure does not affectdirectly
C. Capital expenditure affects the profitability of a concern indirectly, but revenue expenditure affects directly
D. Both capital expenditure and revenue expenditure affectthe profitability of a concern directly
Answer: Option C
This Question Belongs to Commerce >> Accounting
Accounting provides information on
A. Cost and income for managers
B. Company's tax liability for a particular year
C. Financial conditions of an institutions
D. All of the above
The long term assets that have no physical existence but are rights that have value is known as
A. Current assets
B. Fixed assets
C. Intangible assets
D. Investments
The assets that can be converted into cash within a short period (i.e. 1 year or less) are known as
A. Current assets
B. Fixed assets
C. Intangible assets
D. Investments
Patents, Copyrights and Trademarks are
A. Current assets
B. Fixed assets
C. Intangible assets
D. Investments
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