10000 MCQ /questions on commerce questions answers
Difference between flexible budget amount and corresponding static budget amount is classified as
sales revenue variance
cost profit variance
profit volume variance
sales volume variance
Which of the following skills is equally important at all levels of management?
Human relation skill
All of the above
Materials used in the normal operation of a business but not related to primary business operations are called what?
According to the principle of "Span of control" there is
A tendency of overload supervisors with too much of work
A limit to the number of subordinates a supervisor can effectively supervise.
No limit to the number of subordinates a supervisor can supervise.
A limit to delegation of authority to the subordinate.
Does an existing Tax payer have to surrender the existing Registration certificates to obtain GST registration?
No, automatically he will receive final registration.
Yes, all registration certificates to be surrendered
Migrated to provisional registration subject to verification of documents
No, Provisional Registration is automatic
Cost of a fixed asset-Accumulated depreciation expenses of the fixed asset =?
Book value of a fixed asset
Market value of a fixed asset
Historical cost of a fixed asset
Recoverable amount if a fixed asset
If vendor are issued fully paid shares of Rs. 80, 000 in consi1eration of net assets of Rs. 60, 000, then the balance of Rs. 20, 000 will be:
Debited to profit and loss account
Debited to goodwill account
Credited to capital reserve account
Credited to share premium account.
Disinvestment of shares means-
To sale the shares of private company to public
To sale the shares of public company to the public
To sale the shares of Government company to the public
To sale of shares by holding company to its subsidiary company
A transport company is running five buses between two towns, which are 50 kms apart. Seating capacity of each bus is 50 passengeRs Actually passengers carried by each bus were 75% of seating capacity. All buses ran on all days of the month. Each bus made
None of the above
The costing is applied when a quantity of similar and identical products are manufactured together as one Job.
In GST, both Central and State Governments should have simultaneous power to levy GST on:
Intra-State Supplies Only
Interstate Supply Only
Both Intra-State and Inter-State Supply
Cost accounting disclose.....
The Financial position
profit/loss of a product, job or service
effect and impact of cost on business
none of these
Reinvestment risk of bonds is usually higher on
default free bonds
Comprehensive machine hour rate includes.....
machine operators wages
managing directors salary
Between 2007-08 to 2012-13, the value of Card spending rose to Rs.1.97 Lakh Crores. A raise in Cards spending indicates?
Transformation to 'Cashless Economy'
In the calculation of elasticity, there is error in case of
Both (a) and (b)
..includes financial and cost accounting, tax planning and tax accounting.
none of these
Match List I with List II and select correct answer using the codes given below: List I List II a. ABC Analysis I. Capital Structure b. Fund Flow Analysis II. Inventory Control c. ROI Ill. Working Capital Management d. M M Theory IV. Overall Profitabilit
a b c d II III IV I
a b c d I II IV III
a b c d IV III I II
a b c d I III II IV
Vertical difference, which measures distance between estimated and actual cost for every single observation is classified as
New assets acquired for claiming exemption u/s 54, 54B or 54D, if transferred within 3 years, will result in
Short-term capital gain
Long-term capital gain
ST or LTCG depending upon original transfer
None of the above
There are 20 questions to complete.