10000 MCQ /questions on commerce questions answers
On what value TDS needs to be deducted?
Contract value excluding tax
Invoice value including tax
Invoice value excluding tax
Abnormal loss and its value are.....
debited to process a/c
credited to process a/c
debited to costing profit and loss a/c
debited to profit and loss a/c
Notes, mortgages, bonds, stocks, treasury bills and consumer loans are classified as
A company has capital of Rs. 10, 00, 000. Its turnover is 3 times. Margin on sale is 6%. The Return on Investment will be-
Labour productivity can NOT be measured by comparing.....
actual time with standard time
total output with total man hours
added value for the product with total wage cost
total wage and total output
Which one of the following is called backbone of auditing?
A firm had a capital balance of Rs. 1, 00, 000 at the beginning of a year. At has total assets of Rs. 1, 50, 000 and total liabilities of Rs. 70, 000. If the total withdrawals during the period were Rs. 30, 000, what was the amount of Net Profit/Net Loss for t
Rs. 10, 000 profit
Rs. 20, 000 loss
Rs. 50, 000 loss
Rs. 10, 000 loss
Electronic Cash Ledger is credited by
Cash Deposit towards Tax remittance, Fine, Interest and Penalty
IPT on IGST, CGST and SGST
Cash Deposit towards Fees, Fine, Interest and Penalty Only
Advance tax Remittance Only
Tendency of people to blame failure on bad luck but given tribute of success to themselves is classified as
The goods taken by the proprietor from the shop is debited to-
Added in opening balance of capital is
Who plays their significant role in distribution of goods when they do not sell to ultimate users or consumers?
Sundry Debtors-Rs.15, 000 Bills Receivable (B/R)-Rs.12, 500 Cash at Bank-Rs.17, 500 Stock-Rs.15, 000 Profit-Rs.20, 000 Creditors-Rs.25, 000 Bills Payable (B/P)-Rs.15, 000 Sales-Rs.1, 00, 000 What is the Acid Test Ratio?
..... has prescribed certain standards for library binding.
Fish culture should be classified as.....
Formulating interviewing techniques
Checking of references
Framing and developing application blanks
All of the above
Demand for intermediate consumption arises in
Household sector only
Government sector only
Corporate sector only
All producing sectors of the economy
Which is the Principles of Human Relations?
Principle of Work Recognition
Principle of Participation
Principle of Motivation
All of the above
Which of the following is example of external economies of scale?
Discount on purchases of raw materials
Technical progress leads to development of machine at low price
Hiring of specialized staff due to increase in scale of production
A firm starts producing by-products
An internal rate of return in capital budgeting can be modified to make it representative of
There are 20 questions to complete.