Which of the following items should not be capitalized relating to fixed assets??

Accounting Mcqs
BILAL KHATTAK0

A. Interest payable on loans or deferred credits taken for the acquisition or construction of fixed assets before they are ready for use
B. Stand by equipment and servicing equipment
C. Expenditure incurred on test runs and experimental production 
D. Administration and general expenses 

Related Mcqs:

  1. Capital expenditure means
  2. The assets which come into existence upon the happening of a certain event are called__________??
  3. The assets which have some market value are called ____________??
  4. If a company revaluates its fixed assets, the current ratio of the company will:?
  5. Short term Assets expected to be converted into cash within 1 year or less than??
  6. Which of the following should not be treated as revenue expenditure??
  7. Which is the most important characteristic that all assets of a business have??
  8. Which of the following is an item of capital expenditure??
  9. If Cash=$1000 inventories=$4000 Debtors=$5000 fixed assets=? Capital Liabilities=$15000 What is the Amount of total assets??
  10. Having some overall goal in mind, financial management is concerned with:?

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