10000 MCQ /questions on commerce questions answers
Suppose, the IGST Credit of ' 5/-Lakhs has been cross utilised to settle the SGST OPT of ' 5/-Lakhs of a Kerala Dealer. The fund transfer will be:
5/-Lakhs from IGST Fund will be transferred by Central government In to Kerala SGST Fund
5/-Lakhs from SGST Fund will be transferred by Kerala government in to Central IGST Fund
5/-Lakhs from CGST Fund will be transferred by Central government in to Kerala SGST Fund
No Fund Transfer at all.
An assumption of specification analysis states: any observation does not belong to any other observation's residual value, is classified as
independence of residuals
dependence of residuals
independence of correlation
dependence of residuals
An important aspect of control is that the:
manager motivates his subordinates to give better performance
manager sets an effective management information system
plans are checked before implementation against predetermined measures of performance
performance is checked against predetermined standards
cost object user, who is ranked first in incremental cost allocation method is known as
First incremental user
second incremental user
If payment of security is paid as Rs 100 at end of year for three years, it is an example of
fixed payment investment
lump sum amount
fixed interval investment
All expenses incurred by the proprietor which are not related to business are treated as.....
none of these
Incomes which accrue or arise outside India but are received directly into India are taxable in case of
Both ordinarily resident and NOR
All the assesses
An economic theory is
A tested hypothesis
Considering dual rate method, if employees work for 8500 budgeted hours at $120 per hour and work for 9500 actual hours at $110 per hour, then total cost would be
$2, 078, 000
$3, 078, 000
$2, 065, 000
$3, 065, 000
The average of the nos. 2, 4, 6, 8, 10, 12, 14 and 16 is-
The price at which a market maker is prepared to buy (a currency) or borrow (money) is termed as
The process of recording transactions in a journal is known as.....
Cost of goods available for sale-closing inventory =?
Cost of opening finished goods inventory
Work in progress ending inventory
Cost of goods sold
Which of the following is a producer good?
Assertion (A): Section 205 of the Companies Act makes it obligatory for every company to make provision for depreciation. Reason (R): Depreciation is a charge against revenue.
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
Bonds which are more risky than corporate bonds and are issued by major corporations are classified as
In mutually exclusive projects, project which is selected for comparison with others must have
higher net present value
lower net present value
zero net present value
all of above
What is the correct sequence of the following functions of a manager in an organisation?
4, 3, 2, 1
4, 3, 1, 2
3, 4, 2, 1
3, 4, 1, 2
Journals are also referred to as
Book of entries
Book of original entries
Book of economic events
The comparative cost Advantage theory was given by
Michael E. Parter
There are 20 questions to complete.