10000 MCQ /questions on commerce questions answers
Halsey premium plan is.....
individual incentive scheme
group incentive scheme
time and piece wage system
differential piece wage system
Franking machine is used in.....
If the customer can do all transactions only in a branch and the branch has no online access, it is called.....
Brick and Mortar Banking
A model in which behavior of asset returns is measured for set of risk factors and market risk is classified as
Two factor model
quoted factor model
A company's break even point is 6, 000 units per annum. The selling price is Rs 90 per unit and the variable cost is Rs 40 per unit. What are the company's annual fixed costs?
Rs 2, 40, 000
Rs 3, 00, 000
Rs 5, 40, 000
If 50% increase in the price of a commodity leads to only 10% reduction in demand, then such demand wilt be?
Perfectly elastic demand
Perfectly inelastic demand
Highly elastic demand
Impact of change in demand in one sector on other sectors is studied by
Both (a) and (b)
None of these
Which of the following statements are correct? (i) Revocation of cancellation of registration under CGST/SGST Act shall be deemed to be a revocation of cancellation of registration under SGST/CGST Act. (ii) Cancellation of registration under CGST/SGST Ac
(i) & (ii)
(iii) & (iv)
(i), (ii) & (iii)
(i), (ii), (iii) & (iv)
If an actual selling price is $400, an actual result is $250 and an actual units sold are 500, then selling price variance will be
Prior to the conduct of audit u/s 65 the registered person shall be informed, by way of a notice, sufficiently in advance:
not less than fifteen working days.
not less than thirty working days.
not less than ten working days.
No prior intimation required.
An uncovered cost at start of year is Rs 200, full cash flow during recovery year is Rs 400 and prior years to full recovery is 3 then payback would be
In estimation of cost functions, variations in a single activity level represents the
related total costs
related fixed cost
related variable cost
related per unit cost
Sales on credit is recorded in which of the following journal?
Purchase return journal
Sales return journal
In financial planning, most high option price will lead to
longer option period
smaller option period
Under Merrick's multiple piece rate system, 120% of the ordinary piece rate is given to workers whose level of performance is between.....of the standard output.
83% and 100%
100% and 120%
0% and 83%
none of these
Economic activities are related to.....
Production of wealth
Satisfy ones urge
Undertaking social service
A gross profit is transferred to the.....side of the P/L A/c.
none of these
AS-10 (Accounting Standard on Fixed Assets) does not deal with accounting for the following items to which special considerations apply
Forests, plantations and similar regenerative natural resources
Wasting assets including material rights, expenditure on the exploration for and extraction of minerals, oil, natural gas and similar non-regenerative resources
Expenditure on real estate development and livestock
None of the above
CG Co manufactures a single product T. Budgeted production output of product T during June is 200 units. Each unit of product T requires 6 labour hours for completion and CG Co anticipates 20 per cent idle time. Labour is paid at a rate of Rs7 per hour.
Rs. 6, 720
Security merchants dealing in shares, independent operators are called.....
There are 20 questions to complete.