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Subjects · Leaving Cert Accounting

Leaving Cert Accounting: Capital and revenue expenditure

How often Capital and revenue expenditure comes up on the Accounting papers, every year it was asked, and questions to try.

HL Asked on 1 of the last 10 Higher Level papers, most recently in 2019.

Capital and revenue expenditure, Higher Level(6 marks)

Quick ones on Capital and revenue expenditure.

(a)Capital expenditure is spending on…
  1. Day-to-day running costs such as wages
  2. Fixed assets that last more than a year
  3. The owner's private items and drawings
(b)Revenue expenditure is charged to the…
  1. Capital account
  2. Fixed assets in the balance sheet
  3. Profit and loss account
(c)Delivery and installation costs of a new machine are…
  1. Capital expenditure
  2. Drawings
  3. Revenue expenditure
Show the answers

(a) Fixed assets that last more than a year

(b) Profit and loss account

(c) Capital expenditure

Your turn: Higher Level questions on Capital and revenue expenditure.

Higher Level

Asked on 1 of the last 10 Higher Level papers, most recently in 2019.

Every paper, year by year

YearWhere it came up
2026Not asked
2025Not asked
2024Not asked
2023Not asked
2022Not asked
2021Not asked
2019Q3
2018Not asked
2017Not asked
2016Not asked

Links open the State Examinations Commission’s paper for that year.

More Capital and revenue expenditure questions

Capital and revenue expenditure, 2 marks

Treating revenue expenditure as capital expenditure makes profit…

  1. Understated
  2. Unchanged
  3. Overstated
Show the answer

Overstated

The expense is left out of the P&L, so profit is too high, and fixed assets in the balance sheet are also overstated.

Other Accounting topics

All of Leaving Cert Accounting