10000 MCQ /questions on commerce questions answers
On 31st December, 2007 the assets and liabilities of a firm were Rs. 40, 000 and Rs. 30, 000 respectively. The firm was dissolved and a sum of 60 paise per rupee was paid to the creditors. Loss on realization was?
Rs. 10, 000
Rs, 12, 000
Rs. 18, 000
Rs. 22, 000
What is the consequence if information is not filed in the form and manner as required by the Central Government? (i) Return will be treated as defective (ii) Defect has to be rectified within 30 days (iii) Return treated as not filed (iv) Refile the ret
i & ii
iii & iv
i & iv
i, ii & iv
Significant feature of Kaizen Budgeting is
'Profit objective' is of least priority in case of-
A.....balance in the suspense account will appear on the asset side of the balance sheet.
none of these
..... is raised in capital markets.
Funds through long term securities
Long term loans through Govt. securities
Medium term loans
A formula such as an original investment plus an expected capital gain is used to calculate
expected final stock price
final stock price
Standard costing is more widely applied in.....industries.
Process and engineering
all of these
If deposited money Rs 10, 000 in bank pays interest 10% annually, an amount after five years will be
Rs 16, 105.14
Rs 16, 110.14
Rs 16, 115.14
Rs 16, 505.14
In common size Balance Sheet analysis we evaluate-
Increase or decrease over two years is analysed
Only increase over two years is analysed
Only decrease over two years is analysed
All assets and liabilities are expressed in terms of percentage of total
Which one of the following has replaced the Budla System in India?
Trading in equity derivatives
Suppose taxable identifiable goods under earlier law dispatched within 6 months prior to the appointed day (i.e.01-04-2017) are returned back after 6 months from the appointed day. How such return supply will be treated under GST?
It will be Subject to tax at the appropriate rate of GST
At the half rate of the GST
Only SGST is charged
Modern Marketing includes
All of the above
Always higher than wages
113: According to which of the following concepts, fixed assets are depreciated over their useful life rather than over a shorter period on the expectation of early liquidation?
Going concern concept
Business entity concept
Place of supply of goods where the supply doesn't involve movement of goods.....?
Location of the goods at the time of purchase order
Location of the goods at the time of delivery to the recipient
Location of the supplier
Location of the recipient
Term structure premium, an inflation of bond and bond default premium are included in
bond buying factors
The Dealers who are not eligible for any Threshold Limit in the minimum Registrable Turnover?
Casual Dealers and Non-Resident Taxable Persons
Input Service Distributors and Dealers making supply through Electronic Commerce Operator
Dealers making interstate Supplies and those having Reverse tax Liability
All of the Above
Deficiency of capital, excessive dependency on agriculture and inequalities of income and wealth are some of the important features of a-
Indirect rate in foreign exchange means
The rate quoted with the units of home currency kept fixed.
The rate quoted with units of foreign currency kept fixed.
The rate quoted in terms of a third currency. D. None of the above.
None of the above
There are 20 questions to complete.