10000 MCQ /questions on commerce questions answers
Payment of security if it is made at end of each period such as beginning of year is classified as
payment fixed series
Which of the following is TRUE about the treatment of insurance premium paid in advance
Short term liability
Type of cost which is used to raise common equity by reinvesting internal earnings is classified as
cost of mortgage
cost of common equity
cost of stocks
cost of reserve assets
Recreation expenses in factory are apportioned on the basis of.....
number of employees
Competition Act was enacted in the year.....
None of these
Consider the following statements: Continuous evaluation of the relevance of generally accepted accounting principles is required, because:
- they are the everlasting operating realities.
- the environment, in whic
1, 2 and 3
2, 3 and 4
3 and 4
I and 4
If sales are Rs. 18, 000, Gross Profit Rs. 5, 000, Net Loss Rs. 1, 000, the operating expenses will be?
Rs. 4, 000
Rs. 6, 000
Rs. 13, 000
Rs. 17, 000
Capital increases if..... increases
Expenses are greater than income
Interest on capital
Members of a company may apply to which one among the following for relief under the Companies Act, 1956 in cases of oppression?
High Court of Judicature
National Company Law Tribunal
National Company Law Appellate Tribunal
Would notice/ order/ documents be 'deemed as served', though registered post/ speed post is not received by intended person?
No. Actual service is necessary. There is no concept of deemed service.
Yes, it is deemed to have been received by the addressee at the expiry of the period normally taken by such post, unless the contrary is proved.
None of the above
Xerography is a process of.....
What does management audit imply?
A bus carries 25 passengers daily for 25 days and its mileage per month is 1000 kms. Its passenger miles are.....
Slope coefficient is 0.75 and difference in machine hours is $65000 then difference in cost would be
.....deals with accounting for investments.
The portion of the acquisition cost of an asset yet to be allocated is known as
Written down value
In calculating a country's GNP at market prices, which one of the following is not included?
Wages and salaries before tax
The Degree of Financial Leverage (DFL)
Measures financial risk of the firm
Is zero at financial break-even point
Increases as EBIT increases
Both a and b
Assertion (A): The Companies Act; 1956 requires that internal audit must be carried out by a Chartered Accountant. Reason (R): It is to help the management to protect the interests of the shareholders and the society.
Both A and R are true and R is the correct explanation of A
Both A and R are true but R is NOT a correct explanation of A
A is true but R is false
A is false but R is true
Is Section 143 applicable to all categories of goods?
Applicable to all categories of goods
None of the above
There are 20 questions to complete.