10000 MCQ /questions on commerce questions answers
Out of IGST paid to the Central Government, which of the following must be apportioned based on tax rate equivalent to the CGST on similar intra-state supply?
Interstate supply of goods and services to an unregistered person.
Interstate supply of goods and services to a taxable person paying tax under sec.10 of the CGST Act, 2017.
Interstate supply of good and services to taxable person not eligible for input tax credit.
All of the above.
.....provides information for income determination.
none of these
10.Consider the following statements:
- It is mandatory for all business enterprises to conduct audit of accounts.
- Audit Note Book is a tool in the conduct of audit.
- Internal check system is an inbuilt mecha
2 and 3
1, 2 and 3
The basic aim of Securities and Exchange Board of India (SEBI) is to-
Develop an effective and efficient monitoring and control system for the Indian Capital Market
To help Bombay Stock Exchange only
To help National Stock Exchange of India Ltd. only
To help OTC Exchange of India only
Outdated and seldom used books are withdrawn from the library is known as.....
Which section specifies the conditions to be fulfilled for claiming ITC on inputs and/or capital goods sent to jobworker?
Savings accounts are..... but are not.....
Net income and depreciation is Rs 313, 650, 000 and common shares outstanding are 55, 000, 000 then cash flow per share would be
The term 'marginal' in economics means
The minimum unit
Just barely passing
..... is a force to drive a person to action.
How many countries have been undertaken to lend to IMF if there is need to cope with an impairment of the International monetary system?
Different accounting policies can be adopted in the following area(s)
Valuation of inventories
Valuation of Investments
Calculation of depreciation
All of the above
Material control involves.....
consumption of material
issue of material
purchase of material
purchase, storage and issue of material
Export procedure begins with-
None of these
Which of the following account will be credited when the goods are purchased on credit from Mr. Ali?
Mr. Ali account
Overall and strategic planning is done by the
Middle level management
Supervisory level management
All of the above
Account to be debited by the proprietor of business for purchasing furniture for his private use for cash from Furniture House will be
Furniture House account
In activity based costing system, description of activity can be classified as
both a and b
Who is called 'The Father of Scientific Management'?
E. F. L. Breach
F. W. Taylor
Which of the following is not a part of managerial process?
Directing Cash at bank
There are 20 questions to complete.