Learning ObjectivesAfter studying this unit, you will be able to:
- Understand the classification of expenditure: capital, revenue & deferred revenue expenditure.
- Know the basic consideration for classifying expenditure
- Understand capital & revenue receipt
- This is only a practice test, it is designed to help you revise your concepts
- The test contains questions, only 1 option is correct for each question
- This is a timed test.
- After you have finished the test, press on the 'Finish Test' button to know your score and get the correct answers