- Items found in the debit side of the cash book but cannot be found on credit side of the bank statement is called uncredited cheques. a) True b) False B) Non-Current assets are items not specifically bought for resale but to be used in the production or distribution of those goods normally sold by the business. a) True b) False 9) Revenue expenditure and capital expenditure are the only two broad classifications of expenditure a) True b) False 10) That part of the cost of a non-current asset which is used up' or 'consumed during an accounting period is referred to as depreciation a) True b) False 11) The term cost and expense can be used interchangeable because same in meaning, a) True b) False