Honorarium

Q.

Which of the following statements is true about the honorarium payment?

1. None of these

2. It’s a revenue expenditure

3. It’s a Capital expenditure
   

4. It is not recorded in the books of accounts

Q.

An honorarium of Rs. 5, 000 has been paid by the club. Where will it be shown in the financial statement of NPO?

1. Not shown

2. as an expense in income and expenditure account

3. as a payment in the receipts and payments account

4. either as a payment in the receipts and payments account or as an expense in income and expenditure account

Q. What is revenue expenditure? Explain in simple words with suitable examples .

Q.

Payment of honorarium to secretary is treated as __________

1. Cash Expenses

2. Capital Expenditure

3. Revenue Expenditure

4. None of these

Q. Revenue expenditure is_______ in nature.

1. outstanding
2. capital
3. recurring
4. contingent

Q.

recieved 10000 rs from shyam on his account for 10000rs

Q.

Honorarium is paid in the form of ___________

1. cash

2. kind

3. either cash or kind

4. none of these

Q.

But his lifestyle remained frugal.(Rewrite as a negative sentence.)

Q. _________ expenditure is in more relation with business activities and are recurring in nature.

1. Payment
2. Outstanding
3. Revenue
4. Prepaid

Q. Which of the following is not an example of Revenue Expenditure ?

1. Machinery
2. Salaries
3. Electricity Charges
4. Travelling Expenses

Q. Repairs of Machine after the machine is put to use is _________________.

1. Capital Expenditure
2. Revenue Expenditure
3. Deferred Revenue Expenditure
4. Prepaid Expenses

Q. An expenditure is revenue in nature, when ____________.

1. none of these
2. it benefits the current period
3. it belongs to the previous period
4. it benefits the future period

Q. The honorarium is shown on the liabilities side of the balance sheet.

1. False
2. True

Q. An honorarium can be paid either in the form of cash or kind.

1. True
2. False

Q. An honorarium is a capital expenditure.

1. True
2. False