10000 MCQ /questions on commerce questions answers
Interim Dividend is shown-
In Profit and Loss Account
In Profit and Loss Appropriation Account
On Asset side of Balance Sheet
On Liabilities side of Balance Sheet
Wages paid to a labour who was engaged in production activities can be termed as.....
Revenue is generally recognized as being earned at the point of time
sale is made and ownership of goods transferred
cash is received
production is completed
sales are effected or cash is received, whichever is earlier.
Two mutually exclusive projects with different economic lives can be compared on the basis of
Internal Rate of Return
Net Present Value
Equivalent Annuity value
The amount brought in by the proprietor in the business shall be credited to
None of these
The assessment made on occasion of the failure of a dealer to compute the taxable value or to make correct classification of the supplies based on a specific rate of tax is termed as:
Best Judgment Assessment
Debit note is the basis for recording a transaction in which of the following journals?
Purchase return journal
If the actual loss is more than the estimated normal loss, then it is.....
The integration of the computer with manufacturing is called
Computer Integrated Manufacturing
All of the above
The Government Securities are not issued through-
Private placement with the RBI
Investors seeking to avoid actively managing their portfolios will prefer which of the following assets?
Commercial bank deposits
Modified rate of return and modified internal rate of return with exceed cost of capital if net present value is
Many times we read the term 'ECB' in newspapers. What is the full form of 'ECB'?
Essential Commercial Banking
European Credit Borrowing
External Credit For Business
External Commercial Borrowing
Given that current liabilities are at Rs. 300, 000, current ratio is 3:1 and quick ratio is 1:1, the value of stock will be:
Rs. 600, 000
Rs. 1, 600, 000
Rs. 900, 000
Rs. 12, 00, 000
Depletion method of depreciation is used in case of-
Cattle, Loose Tools, etc.
Mines, Quarries, etc.
Machinery, Building, etc.
The return on investment (ROI) may be calculated as
Net profit before interest, tax and dividend / Capital employed
Net profit after interest, tax and dividend / Shareholder's fund
( Net profit-preference dividend )/ No. of equity shares
Return on Investment / Net profit ratio
According to Malthus, population increases by progression of which kind?
In corporation characteristics, an easy transferring and division of stock of shares is classified as
ownership interest transferability
The cost of a small calculator is treated as an expense and not shown as an asset in a financial statement of a business entity due to
Which of the following has asked all the banks to form customer service panels at branch levels?
There are 20 questions to complete.