Test your knowledge of double entry bookkeeping with our capital or revenue expenditure quiz.
Accounting differentiates between two types of expenditure. Capital expenditure is expenditure relating to the purchase of non-current assets which are not for resale and are used within the business. Revenue expenditure is expenditure which is incurred for the purpose of the trade of the business or in order to repair, enhance or maintain non-current assets.
Start the Capital or Revenue Expenditure Quiz
Identify whether each of the following types of expenditure are classified as capital or revenue expenditure. Click on an answer to reveal whether its Right! or Wrong
Try Another Double Entry Bookkeeping Quiz
The capital or revenue expenditure quiz is one of many of our online quizzes which can be used to test your knowledge of double entry bookkeeping, discover another at the links below.
- Quiz 21: Basics of Bookkeeping Quiz
- Quiz 14: Accounts Receivable Test
- Quiz 9: Accounting Equation Exercises
- Quiz 23: Cash Flow Statement
About the Author
Chartered accountant Michael Brown is the founder and CEO of Double Entry Bookkeeping. He has worked as an accountant and consultant for more than 25 years in all types of industries. He has been the CFO or controller of both small and medium sized companies and has run small businesses of his own. He has been a manager and an auditor with Deloitte, a big 4 accountancy firm, and holds a BSc from Loughborough University.